USA Labor force

They say there are about 150,000,000 people in the labor force out of 310,000,000 souls in the USA.
I reckon they don't count anybody under 18 or over 65 or prisoners, or people in hospitals permanently, or those who gave up looking, or those retired.

They (the numbers crunchers) say there are about 10% now who are "unemployed." Another 10% approximately have become "under-employed." (reduced to part-time or jobs paying considerably less).

As you can see theories of marketing, economics, etc., and even unemployment is a matter of interpretation!

So we need about 30,000,000 new jobs to put everyone back to work at full pay---plus any eliminated in the future. That
That future figure is a figure to be argued but the 30 million is pretty accurate.

We are still losing jobs every month, anywhere from 500,000 down to 200,000. These are still to be added to the 30 million now out of work.
Noone knows how long that will continue.

To find 30 million, plus (maybe as much s 45 million)jobs, we will need several years, won't we?

I don't even know if we will continue to create as many new type jobs as we lose old obsolete ones, and if not that will have to be added.

As to the number of years to find 30 million jobs, how about five? That is six million per year or 500,000 per month.

OK, so 500,000 new jobs every month for five years is impossible! How about 10 years?
That is three million per year or 250,000 per month for ten straight years!

Looks hopeless doesn't it?

However, what if they all went back to suddenly created jobs in, say, two years?
Thirty million in two years----WOW.

We would need to open some more banks, make loans for homes, cars and stuff without regard to ability to pay for them, and at the same time come up with some way to say that all those mortgage assets were good!
I know banks could buy insurance on them so that if they went bad, insurance would pay the bank! The banks would continue to build more and more houses and commercial stores and times would be great!

But when the insurance was called the insurance companies would go broke and the government would have to bail them out...........

Oh, we did that! Didn't we?