In the last decade, unemployment briefly peaked over 6% in April-Oct, 2003. The record low rate of 3.8%, set back in April 2000, was part of this problem.
DISCLOSURE: I am still short a few of these, but not too many:
UPDATE: WSJ has a roundup.
Friday, January 04, 2008
Today's 5.0% unemployment rate report
is a bit worrying. While a 5% unemployment rate is about right in a healthy and dynamic economy, a sustained 6% employment rate is recessionary, in my estimate.
In the last decade, unemployment briefly peaked over 6% in April-Oct, 2003. The record low rate of 3.8%, set back in April 2000, was part of this problem.
DISCLOSURE: I am still short a few of these, but not too many:
UPDATE: WSJ has a roundup.
In the last decade, unemployment briefly peaked over 6% in April-Oct, 2003. The record low rate of 3.8%, set back in April 2000, was part of this problem.
DISCLOSURE: I am still short a few of these, but not too many:
UPDATE: WSJ has a roundup.
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