Could the U.S. ever attain 100% employment?
==========
The U.S. unemployment rate hit 3.4% in 2023, a 50-year low; economists believe 100% employment is unlikely due to frictional unemployment; full employment is targeted at around 4% unemployment; the highest employment-to-population ratio was 82% in 2000; the peak labor force participation rate for ages 25-54 was 84.6% in 1999; frictional unemployment is necessary for a healthy economy; subsidized employment programs have helped Black Americans, with a 6.1% unemployment rate compared to 3.8% for whites; structural and cyclical unemployment are more concerning than frictional; the U.S. economy added 142,000 jobs in August 2024, below expectations.
#Employment #Unemployment #Economy #LaborMarket #FullEmployment #FrictionalUnemployment #StructuralUnemployment #CyclicalUnemployment #SubsidizedEmployment #2024
https://www.marketplace.org/2024/09/06/could-the-u-s-ever-attain-100-employment/
Marketplace /
npub1v4…m6md0
2024-09-07 01:45:07
Author Public Key
npub1v4shqcms8mcl4lr64ny0e382sq9nl0xrttry2mgljdksd58k6pwsgm6md0Published at
2024-09-07 01:45:07Event JSON
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"content": "Could the U.S. ever attain 100% employment?\n==========\n\nThe U.S. unemployment rate hit 3.4% in 2023, a 50-year low; economists believe 100% employment is unlikely due to frictional unemployment; full employment is targeted at around 4% unemployment; the highest employment-to-population ratio was 82% in 2000; the peak labor force participation rate for ages 25-54 was 84.6% in 1999; frictional unemployment is necessary for a healthy economy; subsidized employment programs have helped Black Americans, with a 6.1% unemployment rate compared to 3.8% for whites; structural and cyclical unemployment are more concerning than frictional; the U.S. economy added 142,000 jobs in August 2024, below expectations.\n\n#Employment #Unemployment #Economy #LaborMarket #FullEmployment #FrictionalUnemployment #StructuralUnemployment #CyclicalUnemployment #SubsidizedEmployment #2024\n\nhttps://www.marketplace.org/2024/09/06/could-the-u-s-ever-attain-100-employment/",
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