Who the hell are they kidding? The ‘new normal’ unemployment rate: 6.7%

by an Unemployed White Male on February 14, 2011

in Business & Economy,Politics & Government,Recession

Economists used to say an unemployment rate around 5% was normal, but the recession may have changed all that. The new norm may now be more like 6.7%, according to a paper released by the Federal Reserve Bank of San Francisco Monday.

http://money.cnn.com/2011/02/14/news/economy/fed_unemployment/index.htm

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