The Federal Reserve Bank of Atlanta has come out with a new Jobs Calculator.
"The Jobs Calculator calculates the net employment change needed to achieve a target unemployment rate after a specified number of months. The user can adjust the target unemployment rate, the number of months, and the assumed labor force growth."
I explored what it would take to get the unemployment rate down to 4 percent in 12 months - the answer - an increase in the average household employment by around 648, 000. We got our work cut out for us!
"The Jobs Calculator calculates the net employment change needed to achieve a target unemployment rate after a specified number of months. The user can adjust the target unemployment rate, the number of months, and the assumed labor force growth."
I explored what it would take to get the unemployment rate down to 4 percent in 12 months - the answer - an increase in the average household employment by around 648, 000. We got our work cut out for us!
No comments:
Post a Comment