Quote:
Originally posted by PornoDoggy@Oct 30 2003, 11:40 PM
Where's the jobs?
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What is it you expect? 6% is the average unemployment rate from 1970-present. Today it is 6.1%. Maybe we've just returned to the average. The unemployment rate today is the same as it was in 1994 and less than most of the 1980's.
What's a reasonable long-term average for unemployment? 6%? 5%? 7%?
6% seems reasonable to me based on the past record and how well that stacks up with other industrialized nations.
As long as population rises, 6% unemployment today will mean there are more unemployed than with the same 6% recorded in 1994, 1979, 1974, 1971 or any other similar year.
10-31-2003
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