Bill Bennett: “Ever since the economy started its recovery after the recession that began in mid-2000, we have created, now, more than…”

“Ever since the economy started its recovery after the recession that began in mid-2000, we have created, now, more than 150,000 new jobs every month; every month, 150,000 new jobs over a period of more than 40 months. That sounds impressive, but let's go behind the figures and look at what is really happening in the economy to understand how impressive it should be. Oversimplifying but taking a number that describes what is happening, every month approximately 900,000 Americans lose their jobs. Their company goes out of business, the company cuts back, things change, they retire and the job is not replaced--whatever it may be, every month roughly 900,000 jobs disappear.”