It will take 219,000 net new jobs a month for the unemployment rate to be below 8% on Election Day 2012 if the current participation rate holds steady

Job growth during the three-year Obama "recovery" has averaged just 75,000 a month for a total of 2.7 million. During the first three years of the Reagan Recovery, job growth averaged 273,000 a month for a total of 9.8 million. If you adjust for the larger U.S. population today, the Reagan Recovery averaged 360,000 jobs a month for a three-year total of 13 million jobs.