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McKinsey releases new job growth survey

According to new research from McKinsey & Co., it will take the United States until 2016 to replace the 7 million jobs that were lost during the 2008-09 recession. And to gain full employment—finding work for the unemployed and accommodating the 15 million Americans expected to enter the labor force...

By Kathryn Mayer | Updated on June 24, 2011

According to new research from McKinsey & Co., it will take the United States until 2016 to replace the 7 million jobs that were lost during the 2008-09 recession. And to gain full employment—finding work for the unemployed and accommodating the 15 million Americans expected to enter the labor force this decade—the U.S. economy must create 21 million jobs by 2020.

A return to full employment will occur in only the “most optimistic job growth scenario,” according to the McKinsey Global Institute’s report, “An economy that works: Job creation and America’s future.”

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