by Mike Shedlock, Global Economic Analysis:
Fed chairman Ben Bernanke estimated it takes about 125,000 jobs per month to keep up with birthrate and immigration. I think because of boomer retirements, the number is much lower, say 75,000 jobs a month.
However, there has been almost no increase in the labor pool for the past four years as noted in Reader Questions: Who is “Not in Labor Force”? Who is Counted as Unemployed?
Notice how the labor force did not skip a beat in prior recessions. The
housing bust and boomer demographics changed the trend in a dramatic
way.
