Check the “Economics” textbooks for the last 50 years!!!
5% Unemployment is considered to be FULL EMPLOYMENT!!!!!
“5% Unemployment is considered to be FULL EMPLOYMENT!!!!!”
5% unemployment is only considered FULL EMPLOYMENT when a Democrap is in the White House. Other wise it is a sign that America is doomed to repeat the great depression.
Of course, the way unemployment is calculated is DIFFERENT from the way it was calculated 50 years ago. So maybe the textbooks need to be updated...