Originally posted by Carlisia Campos:
I've posted that because many discussions here were made based on the 6% unemployment figure beying the ideal rate.
Unemployment hit 6.1 percent in May, the Labor Department said recently. While the rate was nearly a nine-year high, it still was a far cry from the 7.8 percent peak it hit after the 1990-91 recession and the nasty 10.8-percent peak it hit in 1982.
That level is probably much lower today, however -- the Congressional Budget Office, for example, believes 5.2 percent unemployment is the new standard for full employment.
In Germany they seem to think at the moment that our 'full employment' unemployment rate is 8% and rising every 5 years by 3%, because of "computers", rising economic exchange with eastern europe and other "evils" .
More pertinent to us here is: "Did you get the 6% by trading J2EE positions for burger-flipper jobs?".