4% is concidered by many economists to be full employment.
Maybe we should be more like Europe (protect jobs by law) so we can have over 10% unemployment too.
Excellent point.
Yes and the average unemployment rate over the last 40 years (as compiled by the BLS) is 5.9% yet we are at 5.2%. Yet all I hear from the left and the protectionists is how bad the employment numbers are.
It makes one wonder what is the real goal of all these doom and gloomers.
Protagoras
You say unemployment is low. O.k. I sell employee benefits(health insurance etc). In the last 25 years I have never seen so many people that have to work 2-3 jobs because their wages are so low.
I used to see it in the low skilled blue collar jobs but have started to see it in white collar jobs as well.. Something needs o be done about the rampant wage lowering that is going on in this country throug illegal immigration and outsourcing and HB-1 visas.