I think the key is that population growth is around .6% right now. So that’s over $2m a year, or rather 171,000 people per month.
So assuming there were an average rate of retirements and kids getting older… id imagine any number less than 171,000 new jobs a month will result in higher unemployment over time.
Maybe someone can point out why I’m wrong there. Could be missing something
I think the key is that population growth is around .6% right now. So that’s over $2m a year, or rather 171,000 people per month.
So assuming there were an average rate of retirements and kids getting older… id imagine any number less than 171,000 new jobs a month will result in higher unemployment over time.
Maybe someone can point out why I’m wrong there. Could be missing something
The only thing I can think that skews the data is that everyone is born but not everyone retires, so I’m not sure you can just say those cancel out.