Jobs in America show a lost decade as more than $7 million removed from economy

[mtraininjax]

Where did all the jobs go?

Since 2000, the amount of net jobs in the US economy have actually declined, showing that America has gone through a lost decade when it comes to employment and job creation.  More than 7 million jobs have been lost since 2007 alone, and with global economic policies such as NAFTA fueling overseas industry, the future prospects of job growth appear diminished as well.

A study that was produced on April 20th shows that not only have overall jobs been lost in America between 2000 and 2011, but the median incomes of workers has been nearly stagnant for the last 14 years.

There are currently 130.738 million payroll jobs in the U.S. (as of March 2011). There were 130.781 million payroll jobs in January 2000. So that is over eleven years with no increase in total payroll jobs.
And the median household income in constant dollars was $49,777 in 2009. That is barely above the $49,309 in 1997, and below the $51,100 in 1998. â€" calculatedriskblog.com

What this proves here is that it doesn't matter what Presidential administration was in office over the past 11 years, the economy was in a cycle of job loss, even with various spurts of job growth.  In 2001 and 2007, America was in recession, but unlike 2003 when we recovered from the after-effects of 9/11 and unemployment was at or below 5%, this current recovery has seen little or none of the employment gains experienced during the time of the Housing bubble.

Since NAFTA was implemented in 1994, and the rise in China's industry to become the second largest economy in the world, most former US based companies have moved their manufacturing offshore, and grew their hiring outside the US.  This left America with a limited service economy that was kept viable through the cheap money policies of the Federal Reserve, and the growth of asset bubbles that would eventually burst.

Global economic policy and legislative treaties have been the primary cause of the lost decade for employment in America, and until those polices are changed or removed, no President or politician can honestly claim to have a program that provides jobs to the American people (or Mayor for that matter).

In the past 11 years, America has lost more jobs than were available in 2000, and to have that many employment opportunities removed from the economy, a serious change in policy must be undertaken to reverse the trend, otherwise, the prospects for the American people going into the future will be bleak.