I am using 300,000 as the measurement to watch for monthly job creation in the United States. Mainly because a guy who appeared smart and seemed to back it up said last fall that's what the nation needs to average to kick the economy into the next year.
James Glassman, Head Economist, Commercial Bank, JP Morgan Chase said at that time that if the US could average 300,000 jobs a month, we'd start to see those people who are stuck working part time to actually begin landing full time work, thus pumping more money into the economy. It could mean pay might tick upward a bit and it would also pull back into the job market young people who decided to get more schooling because of the weak hiring climate.
The latest job report was better than anticipated and it came in at 295,000. We have had a couple of months of 300,000 plus jobs created. So as batters keep an eye on batting .300, we need to keep watch on the 300 mark as well.
