Thread: Is high unemployment a thing of the past?
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Old 01-10-2018, 09:36 AM  
Paul Markham
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Join Date: Jun 2001
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Quote:
Originally Posted by Rochard View Post
Unemployment drops and rises due to large number of economic factors. We are getting close to what is called "full employment", although we have seen unemployment numbers as low as 2% if I recall correctly. The next time we have a recession the numbers will climb back up. Hopefully that won't happen for a long time.
Extra demand is nothing for a machine to handle. A machine in China can supply most of your needs, except a wage packet.

U6 Unemployment Rate | MacroTrends
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