8.9 Percent Jobless Rate Not ‘Normal’ nor Structural
Put this under the heading of “voodoo economics.” The argument goes that the nation’s 8.9 percent unemployment rate—after nearly two years between 9 and 10 percent—is the new “normal” unemployment rate. Proponents of this absurd claim say it’s workers’ fault because they don’t have the skills to fill the jobs or don’t live near the jobs that are available.


