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

Ex-Obama Adviser: Action Needed To Avoid 'Permanently' Damaging Job Market

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.

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