The US needs to create approx. 150,000 new jobs every month just to keep pace with the new entrants into the labor force. Over eight million jobs have been lost during the recession. To get the levels of unemployment back to pre-recession levels, 300,000 new jobs would have to be created every month for the next forty eight months. Or over 200,000 new jobs created every month for the next 120 months to return to pre-recession levels
more:
"If you add in discouraged workers, the underemployed, and those working part time who would rather be working full time, the true number of unemployed is closer to 30 million, or about one in five working age Americans. Never mind the statistics that the government pumps out monthly are meaningless. They have been for decades.
The real problem is that the economy is obliterating jobs far faster than anyone realizes."
http://www.zerohedge.com/article/why-nonfarm-payroll-figures-are-meaningless
Fatboy sez: What. Me Worry?