[lbo-talk] employment

[Brad DeLong]

>Brad DeLong wrote:
>
>>They're not "pretty good numbers". They're just not putrid numbers.
>>You've gotten yourself anchored to the wrong set of benchmarks...
>
>Brad, you wrote on your blog that the popular 400,000 benchmark of
>first-time fillings for unemployment was too high, and would be better
>set at 360,000.  Why is that?
>
>-- Shane

400,000 new UI filings a week is roughly consistent with stable 
employment. 360,000 is roughly consistent with employment growing as 
fast as the labor force--and thus with a stable unemployment rate.

360,000 is what you need if you don't want the unemployment rate to rise.

Brad DeLong