Are We Even Close To Full Employment?
The unemployment rate is at record lows — but maybe the unemployment rate doesn't mean what it used to.
by Greg Rosalsky
Jul 02, 2019
3 minutes
Editor's note: This is an excerpt of Planet Money's newsletter. You can sign up here.
The unemployment rate is currently about 3.6%, which is the lowest it has been in five decades. Time to break open the Champagne and blow into kazoos! So we invited an economist to the party, and, naturally, he ruined it.
David Blanchflower, an economist at Dartmouth College, believes the unemployment rate can go much lower. That's one of the central arguments of his
You’re reading a preview, subscribe to read more.
Start your free 30 days