US Would Have 15 Million More Jobs If It Had Recovered To Historical Job Trends

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From AEIdeas, "The Jobs Gap | Missing: 15 million jobs from the private sector" by James Pethokoukis:

Source: AEIdeas

Not only do we need another 4 million private sector jobs to get back to the pre-Great Recession level, but we need a lot more to get private sector jobs back to the pre-Great Recession trend (as the above chart reflects).

A whole lot more. If the US economy had been generating jobs at its usual pace since 2007 until the present, the US would have roughly 15 million more private sector jobs right now. (Other folks calculate it a bit differently, but basically the range is between 13 million and 16 million.)