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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (264284)7/27/2010 9:42:09 AM
From: neolibRead Replies (1) of 306849
 
I agree wrt to "rosy" but the question was about the unemployment metrics, not what was causing them. The economy was considered at near full employment then IIRC, so 12% by that metric is near full employment. Certainly around here labor was quite tight at the time. If its hard to find people willing to work when the claimed unemployment is 12%, thats just how it is. When the same metric is 16%, employment is a good deal more slack. Or you can use 5% and 9.5%. What you don't want to do is quote 5% (or let the reader infer that from memory) and then mix it with 16% (and let the reader infer it changed by 11%). Mixing metrics is misleading.
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