Filling new jobs is only partly a matter of rehiring the unemployed. It is also a question of demographics. There needs to be a constant stream of new workers to maintain a growing economy.
New jobs are a sign of a healthy, growing economy. Some 21 million jobs have been created in the U.S. since the present expansion began in November 1982. As a result, the U.S. unemploy-ment rate, which hit 11.2% in the first quarter of 1983, has been hovering at 5% to 5.5% for the past year or so.