There were 115,000 jobs created in April. I did not say, “Jobs created in the US” because six months from now we will find out that 60% of those jobs were created in other countries.
Last year at this time, the so called economic experts said we would need 350,000 jobs per month, just to keep pace with our young people entering the workforce for the first time. Now today, I heard one of these experts on Bloomberg say, 115,000 jobs is sufficient to keep pace with the new entries. Last month a report came out that said half of our young people graduating college cannot find employment. So it would seem that now only half of these unemployed Americans are being counted in the equation.
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