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Six Point Five

That’s what we’re looking for. 6.5 percent unemployment.

The Fed Chairman told us last week that when we hit 6.5 percent on unemployment we’ll start to look at tightening. The idea is that they would want to make sure things don’t get out of control.

Make what you want of politics and policy makers, but it’s a pretty sure bet that these folks have their finger more on the pulse of things then the rest of us. What we are being told, in no uncertain terms, is that we have definitely recovered when we get to 6.5.

So there it is. A benchmark to watch for. In the meantime, this slow recovery is pretty good.


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