This week, the government announced the economy created 175,000 jobs during May. While nothing to sneeze at, will that type of number eventually make a dent in the labor picture?
The real question is: what number of jobs must the economy create each month to get to some predetermined ideal? Do we want 70 percent of the adult population looking for work? Is 60 percent OK? Or do we want 66 percent, a nice two-thirds? Once we have established that, what unemployment rate is acceptable? 4 percent? 5 percent? 6 percent?
Read the full article as previously published in the Montgomery Advertiser June 7 2013.
The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.