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Full Employment
A situation in which all available labor resources are being used in the most economically efficient way. Full employment embodies the highest amount of skilled and unskilled labor that could be employed within an economy at any given time. The remaining unemployment is frictional.
Investopedia explains Full Employment
Frictional unemployment is the amount of unemployment that results from workers who are in between jobs, but are still in the labor force. Full employment is attainable within any economy, but may result in an inflationary period. The inflation would result from workers, as a whole, having more disposable income, which would drive prices upward.
Many economists have estimated the amount of frictional unemployment, with the number ranging from 2-7% of the labor force.
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Full employment is commonly referred to as an unemployment figure of about 5%.....in any given economy and labor force.....
The finite number of employed has no meaning outside the economy it is relative to and the labor force available.....
5.3 % unemployment over a period of 8 years is a phenomenal achievement.......by any measurement...
A situation in which all available labor resources are being used in the most economically efficient way. Full employment embodies the highest amount of skilled and unskilled labor that could be employed within an economy at any given time. The remaining unemployment is frictional.
Investopedia explains Full Employment
Frictional unemployment is the amount of unemployment that results from workers who are in between jobs, but are still in the labor force. Full employment is attainable within any economy, but may result in an inflationary period. The inflation would result from workers, as a whole, having more disposable income, which would drive prices upward.
Many economists have estimated the amount of frictional unemployment, with the number ranging from 2-7% of the labor force.
========================================================================================
Full employment is commonly referred to as an unemployment figure of about 5%.....in any given economy and labor force.....
The finite number of employed has no meaning outside the economy it is relative to and the labor force available.....
5.3 % unemployment over a period of 8 years is a phenomenal achievement.......by any measurement...
Cancel 2018. 3
<-- sched 2, MJ sched 1
which troll do you use to give all your threads 5 stars? and how many trolls do you use to give your threads stars?
Cancel 2018. 3
<-- sched 2, MJ sched 1
which troll do you use to give all your threads 5 stars? and how many trolls do you use to give your threads stars?
mr. rates his own threads so he can make believe someone likes him can't answer this?
oh well.....more copy and paste....right?
G
Guns Guns Guns
Guest
More facts from 2008 to ponder - the waning days of the Bush administration - you remember Bush - he said tax cuts would produce prosperity and jobs.
U.S. unemployment rates under President Bush have reached a 14-year high. According to the Bureau of Labor Statistics, unemployment climbed to 6.5 percent in October, as the country shed 240,000 jobs.
U.S. unemployment rates under President Bush have certainly increased.
So far this year, the country has lost 1.2 million jobs, and over half of the decrease took place in just the last three months.
Some suggest the situation could grow more bleak: Goldman Sachs projects the unemployment rate will reach 8.5 percent by the end of 2009.
Another source I spoke with recently believes it could soar as high as 10 percent in the near future.
With U.S. unemployment rates under President Bush rising, there's more talk of the nation being caught in a recession.
In a New York Times story, Stuart G. Hoffman, chief economist at PNC Financial Services Group in Pittsburgh, notes, “The economy is slipping deeper into a recessionary sinkhole that is getting broader. The layoffs are getting larger, and coming faster. We’re likely to see at least another six months of more jobs reports like this.”
In a Wall Street Journal roundup of economists' reactions to the unemployment report, Joshua Shapiro of MFR Inc. says, "History tells that once the labor market weakens as much as it has in the past several months, job-shedding takes on a life of its own and tends to persist for a long while. We expect the employment data to be dreadful for many months to come and consequently for consumer spending to continue to decline."
The job losses were far-reaching: manufacturing lost 90,000 jobs, construction shed 49,000, professional and business services saw a decline of 51,000, and retail trade employment lost 38,000.
http://blogs.payscale.com/salary_report_kris_cowan/2008/11/post.html
U.S. unemployment rates under President Bush have reached a 14-year high. According to the Bureau of Labor Statistics, unemployment climbed to 6.5 percent in October, as the country shed 240,000 jobs.
U.S. unemployment rates under President Bush have certainly increased.
So far this year, the country has lost 1.2 million jobs, and over half of the decrease took place in just the last three months.
Some suggest the situation could grow more bleak: Goldman Sachs projects the unemployment rate will reach 8.5 percent by the end of 2009.
Another source I spoke with recently believes it could soar as high as 10 percent in the near future.
With U.S. unemployment rates under President Bush rising, there's more talk of the nation being caught in a recession.
In a New York Times story, Stuart G. Hoffman, chief economist at PNC Financial Services Group in Pittsburgh, notes, “The economy is slipping deeper into a recessionary sinkhole that is getting broader. The layoffs are getting larger, and coming faster. We’re likely to see at least another six months of more jobs reports like this.”
In a Wall Street Journal roundup of economists' reactions to the unemployment report, Joshua Shapiro of MFR Inc. says, "History tells that once the labor market weakens as much as it has in the past several months, job-shedding takes on a life of its own and tends to persist for a long while. We expect the employment data to be dreadful for many months to come and consequently for consumer spending to continue to decline."
The job losses were far-reaching: manufacturing lost 90,000 jobs, construction shed 49,000, professional and business services saw a decline of 51,000, and retail trade employment lost 38,000.
http://blogs.payscale.com/salary_report_kris_cowan/2008/11/post.html