MDW posted this a couple days ago or so (January 4, 2012, to be exact), and now Steve Liesman over at CNBC has a short segment.
A couple of data points, according to Steve Liesman:
- at 155,000 jobs/month --> six years to get to 6.5% unemployment
- majority of central bankers see first rate increase in 2015 (rate increase now tied to jobs)
Interestingly, MDW was more optimistic than Steve Liesman. At the link, MDW said it would only take four years or so to get back to the baseline. Four years, six years, eight years -- does it really matter any more?
Here is the link to CNBC: it does not show the first graph that Steve Liesman showed -- the one that showed six years to get to 6.5% unemployment with 155,000 / month.
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