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Brookings – Should the United States Have 2.2 Million More Jobs?

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Michael Greenstone and Adam Looney, The Hamilton Project | May 3, 2013 – Should the United States Have 2.2 Million More Jobs?

  • “In this month’s employment analysis, The Hamilton Project examines the trajectory of public-sector employment since the onset of the Great Recession and contrasts this decline to periods of economic recovery after previous recessions. We find that the last several years’ policy choices are starkly different from those following previous recessions. Specifically, there are 2.2 million fewer jobs today, relative to what would have occurred with the policy response typical of the five preceding recessions. We also continue to explore the “jobs gap” and find that the country needs to add about 10.0 million jobs to return to pre-recession employment levels.”
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