But that number is really kind of a fake number, and the reason is that it fails to take into account the jobs that should have been created under any sort of normal rate of economic growth. The truth is we have lost specifically about 2.2 million jobs, but if we had just grown jobs to keep pace with the rate of population increase, we would have actually grown four and a half million jobs if we had only kept pace with the population increase in the United States in the last 3 years. So it is not that we have lost 2.2 million jobs, sort of behind the curve by 2.2 million Americans that are out of work. It is actually closer to 7 million.
Jay Inslee: “But that number is really kind of a fake number, and the reason is that it fails to take into account the jobs that…”
Editor's note · Context
Discussing job loss and the need for legislative action regarding trade adjustment.
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