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Welsh, Tim

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An economy that works: job creation and America's future

For the United States to return to the employment level before the 2008 recession, finding work for the currently u... Show more
For the United States to return to the employment level before the 2008 recession, finding work for the currently unemployed and accommodating new entrants into the labor force this decade, the US economy will need to create 21 million jobs by 2020, according to recent analysis by the McKinsey Global Institute (MGI). To understand how this might happen, this research project combines extensive sector analysis, interviews with human resource executives, a proprietary survey of 2000 business leaders, and scenario analysis and modeling. The research analyzes the causes of slow job creation in the period before the recession and during the recovery and the implications of these forces for future job growth. Projections that indicate how the US labor force will evolve over the next 10 years are included; these show different scenarios for job growth based on extensive analysis of sector trends.
Edited excerpts from publication. Show less

Authors: Manyika, James; Lund, Susan; Auguste, Byron G.; Mendonca, Lenny ... [+] Show more

Date: 2011

Geographic subjects: United States; North America

Resource type: Report, paper or authored book

Subjects: Economics; Outcomes; Employment ... [+] Show more