More Context for the Jobs Numbers

by Ramesh Ponnuru

From Matthew Yglesias: “If we keep adding jobs at roughly the pace we added them in December and January, then the United States will return to full employment some time in 2024. . . . To get back to full employment by 2017—a pathetic goal, by the way—job growth would have to further accelerate so that we add an average of 321,000 jobs per month, each and every month, for more than 50 months in a row.”