> I heard that congress passed a 13-week extension of UI benefits
> yesterday. I think they only do that when unemployment rates are high.
>
> Just FYI,
The nationwide unemployment rate declined slightly last month from 5.1
to 5.0 per cent. That's up from the 4.6-4.9% range during 2006-2007, but
still well below the average for the 1990s, which I believe was close to
6%.
Back then, 5.5-6% was considered "full employment." There's always some
amount of what economists call "frictional unemployment" -- in a dynamic
economy, jobs and jobseekers are continually in flux, and transitions
from one to another aren't instantaneous.
Just FYI. Can you tell I have an Econ degree? :-)
Richard
Richard G. Combs
Senior Technical Writer
Polycom, Inc.
richardDOTcombs AT polycomDOTcom
303-223-5111
------
rgcombs AT gmailDOTcom
303-777-0436
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