In 1999/2000 the unemployment rate dipped below its natural rate, the 4% unemployment and less we saw during that period was not sustainable.
There has been a net creation of 839,000 jobs created since Bush took office, not great, but not all that bad considering the unemployment stands at 5.2%, which is below the average UE rate of 70s, 80s, and 90s.
In 1999/2000 the unemployment rate dipped below its natural rate, the 4% unemployment and less we saw during that period was not sustainable.
There has been a net creation of 839,000 jobs created since Bush took office, not great, but not all that bad considering the unemployment stands at 5.2%, which is below the average UE rate of 70s, 80s, and 90s.
The "growth" of the 90s was always unrealistic, due to the tech/dot.com bubble (aka electronic tulip bulbs)
Putting aside the fact that unemployment in Europe is calculated differently and that it has different effect over there, what is has to do with USA?
Second these "839,000 jobs", how does it relate to the population growth? What are these jobs?
It would be interesting to find out how many illegals entered the workforce since Bush took office.