Jobless at 6.7%

[snoopy369]

I'm a bit confused by this - here full employment is 2%. 5.5-6 would be considered a major crisis.

Depends on the economy. In an "expanding" economy, full employment is a much higher actual rate, because you need a large enough pool of employees to be able to hire easily, and to avert inflation (if the employment pool is too small, salaries go up, which eventually causes inflation). In a stagnant economy, it's a lower rate.

In the US post-2000, 5%-6% is generally considered full employment. It was down around 3.5% in the middle of the decade, and that was a bit too low.

[Sava]

I'm a bit confused by this - here full employment is 2%. 5.5-6 would be considered a major crisis.

Well yeah. Your nation is so small, 3-4% is like half the country.

[Kidlicious]

Well yeah. Your nation is so small, 3-4% is like half the country.

[MrFun]

Artificial beef made from tube goo sounds delicious! :b;

Fast food restaurants like McDonald's have been doing this for years already.