A group of economists has found that the U.S. labor market needs only 85.000 new jobs a month in order to maintain the current unemployment rate under control. With a jobless rate of 5.1 percent, the U.S. economy seems to remain strong in an international economic context which has seen better days.
According to the specialists’ analysis, the job market has shown clear signs of betterment over the last year. This added to the population aging leads to a lower number of jobs required each month so that the unemployment rate would not rise. Moreover, the projections indicate that over the next five years, this number would drop to 50.000.
The average job growth was 139.000 in the last two months, but there have been reports with as much as 200.000 new jobs created this year. The economists say that in order to close the existing job gap completely by next year, the U.S. economy would have to add on average 170.000 new jobs a month.
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