Hopeless thought of the day: Plan to live at home for at least another 4 years

I always lie naked on a random rock when things get really sad.

The recent slowdown in job losses is welcome but only marks the beginning of the difficult process of rehiring the more than 8 million workers sidelined by the recession. With unemployment still rising, payroll levels have shrunk nearly 6 percent since the recession began in December 2007. That is nearly three times the level of job loss during the last recession in 2001.

After the 2001 recession it took 18 months to restore employment to pre-recession levels. At that rate, even if the economy began adding jobs next month, employment levels wouldn’t return to pre-recession levels until June 2014.

-[MSNBC]

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2 thoughts on “Hopeless thought of the day: Plan to live at home for at least another 4 years

  1. The articles I’ve been reading, the very soonest (using overly generous scenarios) we could see full employment would be 2018. But a more realistic projection is a couple lost decades.

    http://globaleconomicanalysis.blogspot.com/2009/11/mish-unemployment-projections-through.html

    We need to add 100,000 jobs a month simply to keep up with the birth rate and immigration.

    One of the most important leading indicators that we’re in recovery is seeing the increase of part-time employee’s hours. Employers always raise the amount of hours of their part-time employees before going out and rehiring. And the sad news is that currently that figure is trending in the OPPOSITE direction. We’re definitely not in a recovery if you look at the leading indicators.

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