[Brilliant]

I think 5% is pretty much the frictional rate of unemployment. If we push it down below that, we will see some inflation.

[CasearianDaoist]

It might be very hard to push it any lower, unless that is some sort of permament group in that range. But I am with you, I think it is as you say "frictional" and just the result of market forces and economic dynamics.

Just imagine what "real" tax reform would do.

If they did it right, we would see "Tiger" growth rates, and small businesses explode.

Still, for a "developed" economy to have this much growth, this level of unemployment and this level of inflation is pretty rare today, and has been pretty rare since ww2.

[Trust but Verify]

Yes, as my macro-econ course taught me last semester.