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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (65702)	7/2/2004 12:53:29 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

How do you know what # of jobs growth is possible for a give GDP #? Those heuristics change. I can remember a time when the Fed used to say that 6% was the natural rate of unemployment. Now they say that a better natural, sustainable rate is more like 4%. They used to say that the economy had to grow 125K jobs per month just to accommodate the net growth of our labor pool. But now with the baby boomers retiring, they say that figure has dropped to something like 75K jobs growth per month required to stay even. So I'd say if we are growing jobs above 75-100K, we're in darn good shape.