[Political Junkie Too]

I guess 5.6% seems a lot better if you start with 7.3% than if you start with 4.2%.

But what is the theoritical (natural) minimum? Isn't it around 3.5%? Wouldn't that then make 4.2% extremely low and hard to sustain?

-PJ

[Texasforever]

5 to 6% was always the "structural" employment figures I have seen cited. 4% is and was used as a sign of "overheating" and generally resulted in higher interest rates because of inflationary pressure.