Job creation’s glum arithmetic

Today in the Washington Post’s “PostPartisan,” Robert Samuelson highlights a Hamilton Project analysis, “How Long Will It Take to Get to 6.5 Percent Unemployment,” which was released after the Fed’s recent announcement that interest rates will remain at historic lows until the unemployment rate falls below 6.5 percent. Samuelson discusses THP’s estimates of how many jobs would need to be created to lower the unemployment rate from 7.7 percent in November, to 6.5 percent.