3 ms·
Except that a fair portion of that theoretical 8% is frictional. In the US at least about half of unemployment has historically been frictional or structural.
by BrianEatWorld 13y ago
Except that a fair portion of that theoretical 8% is frictional. In the US at least about half of unemployment has historically been frictional or structural.
- glesica 13y agoI think it can be easily inferred from my comment that I'm not talking about frictional unemployment.