The U.S. economy would have to create 21 million jobs by 2020 in order to get back to pre-recession employment levels. That’s according to a new study by the consulting firm McKinsey & Company. Outgoing White House Economic Adviser Austan Goolsbee and others discussed that report and the prospects for job creation at an event hosted by the Committee for Economic Development.
The report is the result of surveys of 2,000 businesses in a variety of industries in diverse geographical locations.
Earlier this morning, amid the sluggish recovery which saw only 54,000 new jobs created last month, the Washington Journal
hosted a discussion on job creation. Joining us were economist Robert Greenstein, president and founder of the Center for Budget and Policy Priorities, and economist Kevin Hassett with the American Enterprise Institute.