The number of jobs the American economy needs to create in order to return to the pre-recession unemployment rate of 5 percent. The source of this data is the Economic Policy Institute and reported in Newsweek dated 11/29/10.
Last week’s Bureau of Labor Statistics weekly report indicated that Weekly Initial Job Claims were 407,000. Weekly claims were in the 360,000 to 380,000 range when unemployment was last at 5 percent.
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