While the U.S. economy has been adding jobs, on and off, since January 2010… we still have a long way to go. That’s because there are still at least four million jobs that have not been restored since the peak employment numbers we saw back in 2007.
Total U.S. Workforce Employed, 2007 to June 2012
In July 2007, there were a little over 147 million gainfully employed Americans. Now, the total U.S. workforce is just over 143 million.
If we’re adding only 80,000 jobs each month it will take until September 2016 before we close the four million jobs gap.
This indicator – Total U.S. Workforce Employed – is one of six leading indicators we use at Survive & Prosper. That’s why you won’t hear us calling for a meaningful recovery until full employment is restored.
If you haven’t done so already read the Survive & Prosper issue on “Bad Employment News Mean We’re Getting Closer to the Market Crash”.