“Break-even” job growth is 150,000 per month, on average, to keep up with immigration and graduations.
When jobs numbers like this drop dramatically, this usually precedes a recession.
While we’ve had job growth since 2009, it has not kept pace with the population growth. The labor participation rate is at a low of 62%…in 2009, 80M were not in the labor force, and now it’s around 95M, leading to that low labor participation rate.
Read Full Story:95M not in labor force