Quote:
Originally posted by Ustwo
We did not have record job losses, employment is up and is considered full employment by all previous standards (below 6% unemployment).
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Exactly. There will always be unemployment due to natural job destruction (ie. old industries being replaced by new ones). The natural rate of rate of unemployment has been estimated at around 6% and anything lower than that is an indication of overemployment which causes its own problems.
LSD