Authors: Murat Tasci and Saeed Zaman
THE FED REPORTS THE NATURAL RATE OF UNEMPLOYMENT IS ABOUT 5.5% WHY DOES THE MEDIA IGNORE THIS PERSPECTIVE?
Definition: "The natural rate of unemployment is the unemployment rate that occurs, even in a healthy economy. The only way an economy could have a zero percent unemployment rate is if it is severely overheated. Even then, wages would probably rise before there could actually be no unemployment." Source: http://useconomy.about.com/od/glossary/g/natural_unemplo.htm
November 2010 report by the Fed:
"We find that the natural rate of unemployment has indeed shifted higher—but much less so than has been suggested. Surprising trends in both the job-finding and job-separation rates explain much about the current state of the unemployment rate."
For more insights, paste the following link into your browser to read the entire article. I pondered the question, "Why this does not get much press?" Perhaps the answer was in the question that was asked by a wise wit: "Can the press understand it?" Source: http://www.clevelandfed.org/research/commentary/2010/2010-11.cfm
ABOUT THE USBA.us
This is a service to enhance the outlook for the ultra-small business community in the United States: 3,000,000 independently owned firms seeking the pride and freedom of entrepreneurship by doing business with each other.
Ultra-small firms represent more than half of the for-profit enterprises in the USA, and their people are the roots that nourish and feed all larger firms, non-profits, churches, and local, state and federal governments in America!
A domain, www.MiniBiz.org, (site under development) has been acquired to provide a future global address and to be formed to operate with full disclosure, truthful, and high integrity "dot org" type of support of the USBA.us vision and message. MiniBiz (tm) is currently just a name, and is not yet funded or organized. Want to help? Please write me a letter (no email) if you are a visionary who can underwrite the seeding of this vision (see contact page for address). Thank you.
This web site is funded from my hip pocket by advisory fees and sales of educational business books and publications I have authored (i.e. by John C. Randall ) at RGIofVa.com. Buying these valuable publications is a fully-deductible business expense, not a charitable item. Publications from the Randall Group, Inc., have a 30 day money-back guarantee (see web site for details).
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Parting thought for the reader that got this far: One must ask, "Are the people in the banks completely powerless to make any independent business decisions, as reflected by so many bank Vice-Presidents (due to regulations and fear)?" Has the development of central banks eliminated the basis for the banking concept when it comes to ultra-small business and non-profit enterprises (for example your local churches)?
