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Economy

dutch777

(4,433 posts)

2. Read somewhere that unemployment at 2% or less is actually full employment

Reply to mahatmakanejeeves (Original post)

Fri Feb 17, 2023, 01:41 PM

Feb 2023

The concept being that there are always some number of workers in flux of changing jobs and as long as hiring is robust it is just the time it takes to find the next job that leads to them being technically unemployed for the stats. I would be interested in how many are chronically unemployed or for more than a month. I suspect the further from a major population center the greater the risk of longer term un- or underemployment.

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Jobless claims, Thursday, February 16, 2023 [View all] mahatmakanejeeves Feb 2023 OP

From the source: mahatmakanejeeves Feb 2023 #1

Read somewhere that unemployment at 2% or less is actually full employment dutch777 Feb 2023 #2