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Bernanke just now: "Between 5%-6% unemployment is what we consider to be "Full Employment"
cnbc,various
| 6-19-13
| Tcrlaf
Posted on 06/19/2013 12:08:47 PM PDT by tcrlaf
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Welcome to "The New Normal", Suckers...
1
posted on
06/19/2013 12:08:47 PM PDT
by
tcrlaf
To: tcrlaf
Makes me sick...especially in light of that constant screeching from Pelosi during the Bush years...where are the jobs? How I soooo despise these people.
2
posted on
06/19/2013 12:10:20 PM PDT
by
SueRae
(It isn't over. In God We Trust.)
To: tcrlaf
Moving the goalposts.
4% used to be considered full employment
3
posted on
06/19/2013 12:13:43 PM PDT
by
kidd
To: tcrlaf
Would that be 5-6%, with an ever decreasing labor participation rate? Setting the bar rather low, aren’t we? Or, maybe, just maybe, his entire approach, while it works perfectly in an abstract computer model of an economy, is absolute garbage in the real world.
To: tcrlaf
"...But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security."
5
posted on
06/19/2013 12:16:16 PM PDT
by
DTogo
(High time to bring back The Sons of Liberty !!)
To: tcrlaf
When your plans don't meet expectations, lower the expectations.
See how easy that was???
6
posted on
06/19/2013 12:16:37 PM PDT
by
gov_bean_ counter
(Romans 1:22 Professing themselves to be wise, they became fools,)
To: tcrlaf
Probably reflects all those we’ve moved to the permanent welfare couch.
To: tcrlaf
With what labor force participation rate?
8
posted on
06/19/2013 12:17:06 PM PDT
by
EEGator
To: gov_bean_ counter
When your plans don't meet expectations, lower the expectations.
You'd think they came out of the public school system or something...
To: tcrlaf
That number is straight out of Keyenes’ macroeconomics. Not a big surprise to me.
10
posted on
06/19/2013 12:17:46 PM PDT
by
Cletus.D.Yokel
(Catastrophic Anthropogenic Climate Alteration: The acronym explains the science.)
To: EEGator
Yeah, they just change how the unemployment rate is calculated, and voila!, their policies “work”.
11
posted on
06/19/2013 12:18:19 PM PDT
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: EEGator
And how many would be part-time but want to work full-time?
To: EEGator
Labor participation is an anachronism. It’s only falling because QEx has worked so well that people can now choose to retire early (or so it has been written). Anyway, why work, when you can simply flip houses?
To: Buckeye McFrog
Well, now that you mention it...
14
posted on
06/19/2013 12:21:23 PM PDT
by
gov_bean_ counter
(Romans 1:22 Professing themselves to be wise, they became fools,)
To: MrB
15
posted on
06/19/2013 12:21:25 PM PDT
by
EEGator
To: tcrlaf
It was 3% in the ‘60s when LBJ said that we needed The Great Society programs to bring in the people who had been left out of the prosperity.
Now we have structural unemployment brought on by...the Great Society programs.
To: 9YearLurker
Yep, and it’s going to get worse with the implementation of Obamacare.
17
posted on
06/19/2013 12:22:30 PM PDT
by
EEGator
To: tcrlaf
6% unemployment has been the standard for full employment as long as the 76 years that i’ve been alive!
18
posted on
06/19/2013 12:22:54 PM PDT
by
dalereed
To: jjsheridan5
LOL.
QEx = giving an alcoholic another drink...see he’s fixed!
19
posted on
06/19/2013 12:23:35 PM PDT
by
EEGator
To: SueRae
I remember also during the Bush years there wasn’t enough poor people for them to fret about so they just quietly increased the threshhold for defining poverty.
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