We've been raising this caution for years: When the government talks about 100,000 jobs being created in a month, or even 200,000, it sounds like a lot. But the population is always growing, and when you consider the size of the country overall, these numbers really don't represent that impressive a number of new jobs created. Many economists believe you need to create at least 140,000 a month just to remain at replacement levels and keep up with the growth of the overall population. Others believe you need to create as many as 200,000 to tread water. So when presidents of either party of tried to tout numbers in the 100,000-to-200,000 range, we've tended to throw cold water on it. It's not that we want to be buzzkills. It's that we want people to understand what's good and what isn't good, and to make it clear that the United States of America needs to do considerably better than that if it wants to experience real prosperity.

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