But how big is the swing from peak share to trough share ?
Is it trills or hundreds of bills ?
8% would mean were above a trill
Spread that evenly among 130 million job comp earners ....
Say a million three per 130 souls or
10 k per
Wage rated ?
7 - 8 dollars plus per hour
They react and that pull back fulfills it's own mass prophecy
"So you don’t see instances where we go from
4.2 percent to 4.7 or 5 percent
and level off. "
"What you actually see ?"
"when we start tightening
we end up with a recession." ,!!
The cycle then repeats and repeats
Here's the story line
"During periods when the unemployment rate has gotten to the low 4s, we haven’t stayed there for a real long time. "