CSPAN3 Politics Public Policy Today November 15, 2013
Employment. So i dont have a precise estimate, but every three months all of the participants in the fomc fill out a survey and indicate what they think the normal longer run level of unemployment is. In our most recent survey in september, the range of opinion was 5 to 6 . Okay. Tell me, what do you believe the real Unemployment Rate is today . Well, the measured Unemployment Rate is 7. 3 i know the measured Unemployment Rate. That wasnt my question. As weve discussed previously, we have very high incidents of involuntary, parttime employment. We have all too many people who appear to have dr...