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Monday, December 17, 2012

Will the Unemployment Rate "Stay Around 8% as Late as Mid-2014"?

An Economic Letter from the SF Fed warns that, as discouraged workers return to the workforce with improving economic conditions:

...the unemployment rate could stay around 8% as late as mid-2014, despite continued job growth. Progress in reducing the unemployment rate is a key factor in keeping consumer confidence and spending high enough to sustain recovery. And policymakers use the unemployment rate as a gauge of economic progress. A stall in reducing the unemployment rate would undoubtedly be viewed as a significant disappointment.

    Posted by on Monday, December 17, 2012 at 10:59 AM in Economics, Unemployment | Permalink  Comments (21)


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