How Long Until We Reach Full Employment?
March 06, 2011 at 05:39 AM EST
This is very much a back of the envelope calculation. Here’s what I did. I took the month to month difference in the unemployment rate (from 1948:2 to 2011:2), then took two averages, one when the difference is positive (unemployment is increasing) and one when the difference in negative (unemployment is falling): Average monthly increase [...]
