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Job Market Will Be 'Permanently Damaged' Without Action, Romer Says

Romer Unemployment

First Posted: 04/11/11 09:37 AM ET Updated: 06/11/11 06:12 AM ET

The New York Times:

IT takes a while to match people with jobs, so even in normal times the unemployment rate is never zero. Before the recent recession, in the view of many economists, the lowest sustainable rate of unemployment in the United States -- a level known as the normal or natural rate of unemployment -- was around 5 percent.

Read the whole story: The New York Times

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Filed by Maxwell Strachan  |