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To: SeekAndFind
Even with the slight rise, the level remains below the 400,000 that economists believe is the threshold indicating a strengthening labor market.

Bovine excrement.

Not counting structural unemployment [probably dropped out of workforce years ago], if the economy had frictional and cyclical unemployment of 250,000 then you would see a strengthening labor market [and real, albeit small GDP growth]. You need to get to about 160,000 to see any significant growth in the economy or a stabilizing labor market.

Who writes this stuff anyway?

5.56mm

15 posted on 03/28/2013 6:34:48 AM PDT by M Kehoe
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To: M Kehoe
You need to get to about 160,000 to see any significant growth in the economy or a stabilizing labor market.

In the last 50+ years unemployment claims have never once dropped to 160,000 and were only under 200,000 for a period in the late 1960's. Since 1970 they have never been blow 200,000. The average since 1967 is 363,000.

18 posted on 03/28/2013 6:41:15 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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