• Heritage Action
  • More

Eoncomy Adds Jobs, but Slowly

Created on January 6, 2012

Eoncomy Adds Jobs, but Slowly

The U.S. economy added 200,000 jobs in December 2011. If jobs continue to be added at that rate, it will take nearly five more years before the unemployment rate lowers to the natural rate of 5.2 percent.

Dec. 2011: +200,000 jobs per month

Q4 2011: +137,300 jobs per month

1997–1999: +264,800 jobs per month

Natural Unemployment Rate: 5.2%

Unemployment Based on Three Different Rates of Job Growth

Actual Unemployment Rate

Source: Heritage Foundation calculations using data from the U.S. Department of Labor, Bureau of Labor Statistics / Haver Analytics.

Chart 2 •  WM 3442