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Unemployment Set to Improve, But Only So Much

The jobless rate's 'natural' set point is significantly higher than it was pre-recession

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January 17, 2013 RSS Feed Print
As long as unemployment is above 6.5 percent and inflation is stays below 2.5 percent, the Federal Reserve suggested it will keep interest rates near zero.

As long as unemployment is above 6.5 percent and inflation is stays below 2.5 percent, the Federal Reserve suggested it will keep interest rates near zero.

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Either way, Levanon stresses that even if the job market's equilibrium point is higher now, it's not a permanent change.

"It's not a structural change. It's not something that's going to stay with us forever," he says.

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Tags:
recession,
Department of Labor,
employment,
economy,
unemployment

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