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The DUmpster / Re: Stagflation is here
« Last post by SVPete on October 02, 2026, 07:03:18 PM »...
High unemployment rate? At 4.2%, while still a notch too high, is not even close to dire.
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Reaching back to De Anza College ECON 1A, there is a residual "friction" unemployment rate that is assumed will always be due to ordinary causes such as company cutbacks, people changing jobs or careers, people moving to different states and cities, local economies' changes. The number mentioned in the class was 4%. IOW, current unemployment is very close to that floor, a percentage that will vary little while the individuals represented change daily, weekly, and monthly.
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