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  1. Isn’t it interesting how “full employment” has shifted up by 10% (or 0.5 percentage points) now that a Democrat is in the Oval Office.

    As for “stability”, Generalissimo Francisco Franco’s condition has been “stable” for almost as long as I’ve been around. Something tells me that the economy is in that same boat.

    Comment by steveegg — September 4, 2014 @ 9:18 am

  2. Great points. Amazing how they lower the bar. I don’t even think anyone even acknowledged we were in in full emp in 2006-2007, or if they did, they thought it was 4%.

    Comment by Tom — September 4, 2014 @ 9:51 am

  3. [...] ADP Private-Sector Payrolls — 204,000 jobs [...]

    Pingback by BizzyBlog — September 5, 2014 @ 8:29 am

  4. [...] to Moody’s economist Mark Zandi’s contention in the ADP jobs report conference call on Thursday, September 4 that “full employment” should now be defined as 5.5 percent unemployment. [...]

    Pingback by BizzyBlog — September 10, 2014 @ 12:17 pm

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