Re:US Federal Reserve raises interest rates for first time s...
by chimeracoder on Wednesday March 16, 2022 @09:06PM
(#30706280)
> How do you define full employment? The unemployment rate in the USA is currently 3.8%.
3.8% is near historic lows.
More importantly: "full employment" doesn't mean unemployment is literally 0% - in fact, an unemployment rate of 0% would be actively bad, because it indicates that people are unable to leave their jobs (even temporarily) to seek better opportunities or life changes - usually because inflation is too high.
3.8% is near historic lows.
More importantly: "full employment" doesn't mean unemployment is literally 0% - in fact, an unemployment rate of 0% would be actively bad, because it indicates that people are unable to leave their jobs (even temporarily) to seek better opportunities or life changes - usually because inflation is too high.