‘Jobs Gap’ Stands At 11 Million

According to new estimates from the Brookings Hamilton Project, the nation’s “jobs gap” — the number of jobs necessary to get back to pre-recession level of unemployment — now stands at about 11 million. This includes five million jobs still lost from the Great Recession and six million for new entrants into the labor force. “At a job creation rate of 208,000 per month (the average rate for the best year of job creation in the 2000s), it will take until 2020 to close the jobs gap,” Brookings founds.

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