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It will take about 50 Years to Reach Pre 2008 Employed Percentage.
Published:
At the rate we are adding gainfully Employed people it will take 50 Years to reach percentages before the 2008 housing disaster based on post 2008 disaster numbers.
There has never been a "Recovery".
At best, the Employed percentage is Trickle Charging.
Keep in mind, Employed people are ones that buy homes, cars, boats, dish washers, dryers; renovate existing homes, take trips, AND have disposable income.
Anyone else that isn't Employed is just getting by.
The Employed percentage has been stuck at 59% and has never gone above 60%.
Pre 2008, it was in the 63% range.
Given the current Employment Population, we'd need to get around 10 Million people Gainfully Employed; meaning they have a Full Time, Well Paying Career (Not a JOB!).
See chart below.
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