It will go higher. 5% or less is fractional unemployment. There will also ways be an unemployment number. Additionally this number is not a real summation of the unemployed. This is just a number based on unemployment claims. Most are out of their states time limit for benefits.
However in the tech & financial/accounting fields there are more jobs than candidates.
It will almost certainly be lower, unless we go into an unexpected recession. We are not yet at full employment, and our growth rate is slowly increasing.
It is higher, many gave up under the past administration. I hope the Democrats get on board to support the middle class with lower taxes, jobs, jobs, HC, better schools...
Yes! Especially when you take into account the job killing laws like the ACA and the Obama lunch and using the EPA as a weapon to eliminate coal and oil jobs. Look at how many fat women he got to exercise that first weekend after he beat Hillofbeans. Lol
Probably a little higher. Not necessarily because Trump screwed something else up, although I'm sure he will, but because the current levels are very, probably unsustainably, low.
Yeah, it tells us how many people are not working but actively looking for work. Along with other broader measures of unemployment, it's a good measure of the overall health of the labor market, which his highly correlated with overall macroeconomic health.
I don't think U6 is the leading indicator most people think it is. Otherwise you would see a much tighter correlation between current numbers and what many people (myself included) say is lackluster GDP growth.
That's why I find it most useful to look at all of them in combination. Together they give a lot of insight into the current condition of the labor market.
There are competing theories as to why the traditional unemployment / GDP link has been broken since 2008, personally I'm in the secular slowdown camp. It would seem we just reach full employment at a lower growth rate now. Whatever theory you prefer, I don't see any reason to conclude that unemployment is suddenly a useless indicator.
Not useless but very incomplete. U5/U6 helps but it's not just discouraged workers. The long-term unemployed rate is still very high and there are many other indicators that we are far from full employment.
Higher or the same as more people who had given up re-enter the workforce they won't significantly impact the official numbers, because they weren't being counted.
Not necessarily impossible, it's just that structural unemployment in the US is about 4%, has been for years. Efficiency wages and technology basically guarantee it'll never go lower than that unless the economy is overheating.
Show of Hands
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