What the hell country are some of you living in?? 5.6% unemployment seems pretty low to me. There are jobs out there. People should take ANY job they can find, or 2 or yes, 3. And Unions? Unions are the problem.
Yeah, ain't that the truth? What is it with the #$^% unmployment rate? As recent as 1999 the NAIRU was 5.7%. Now you can't find anybody who even knows what NAIRU is. Sheesh.
Sure, it's no fun to be out of a job but there's got to be some realism on the unemployment rate. Maybe because it's an election year and the media is trying to scare people from voting for Bush (it wouldn't be the first time) or because we got spoiled by 1999-2000 (which was excessive) but I'm confused, what do we expect, an unemployment rate of 2%? (Notwithstanding how any president creates a freaking job).
4% ain't gonna happen. The unemployment rates in 2000 were artifical and we paid a very heavy price for them, they are unobtainable for any extended period of time.