Yes, apparently really low unemployment is bad.
Are there downsides to a low unemployment rate? In Hawaii, which has the United States' lowest jobless rate at a minuscule 2.1 percent, the answer is yes.
Employers are frustrated by their inability to find workers. And unfilled jobs may be slowing the state's economic growth.
A low unemployment rate is certainly better than a high one. And many employers are responding to the worker shortage by offering higher pay.
Still, Hawaii's experience serves as a cautionary tale for the nation as a whole: Low unemployment can mask underlying problems. Nationwide, the jobless rate is at a 17-year low of 4.1 percent, and economists forecast it could drop another half-point by next year. That would bring the rate to a half-century low.
http://www.hawaiinewsnow.com/story/37875436/whats-wrong-with-very-low-unemployment-hawaii-knows
Are there downsides to a low unemployment rate? In Hawaii, which has the United States' lowest jobless rate at a minuscule 2.1 percent, the answer is yes.
Employers are frustrated by their inability to find workers. And unfilled jobs may be slowing the state's economic growth.
A low unemployment rate is certainly better than a high one. And many employers are responding to the worker shortage by offering higher pay.
Still, Hawaii's experience serves as a cautionary tale for the nation as a whole: Low unemployment can mask underlying problems. Nationwide, the jobless rate is at a 17-year low of 4.1 percent, and economists forecast it could drop another half-point by next year. That would bring the rate to a half-century low.
http://www.hawaiinewsnow.com/story/37875436/whats-wrong-with-very-low-unemployment-hawaii-knows
