Reply To: 0% unemployment rate- good or bad?

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anonymous Jew
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A 0% can be bad and 10% can be good.

The unemployment rate simply is a measure of people seeking employment. If there are 3,000,000 without jobs but are no longer looking for work, the unemployment rate would be zero, and not good.
If the economy picked up, jobs were being created and all 3,000,000 went back into the job market, the rate would be higher, but that be good