US Unemployment Rate hits 9 Year high: 6.1%

[KenGr]

Originally posted by: Lucky
5% unemployment is considered "full employment".

There is no consensus on what full employment is now in the US. Since we've been below 5% for a good bit of the last 10 years, I would be hesitant to say it's 5%. Most things I've read now peg the "structural unemployment" as now between 3 and 4%, up from the 2% or so it was just after WW2. The change is due to the greater mobility of the work force.

 

[KenGr]

Originally posted by: dmcowen674
[
Who said that?

Long before the boom you speak of, people and Leading Economy researchers agreed that Trickle down is pure garbage. Republican, Democrat or any Leaders doesn't matter.

Leading historians agree that Leading Economy Researchers have never been right about much of anything.

 

[OS]

Originally posted by: shinerburke
And yet the markets continue to climb....gee....maybe it's because the people that actually KNOW SOMETHING about the economy understand that 6% unemployment is nothing....

As if the stock market meant anything. So tell me, when the dow was at 12K, wasn't the economy in such bright prospects for the immediate future?

Man you conservatives have weak arguments these days.


Supposedly a turn around will be around in the near future. Of course, they've said that every couple weeks for the past almost 2 years. . .