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US / When will the unemployment rate fall to 6.5% (the Fed’s threshold)

When will the unemployment rate fall to 6.5% (the Fed’s threshold, but not trigger, for raising the Fed’s funds rate)?

If the participation rate stays steady, the unemployment rate will fall to 6.5% in December 2014 if the economy adds around 185,000 jobs per month.   This is consistent with the Fed not raising rates until 2015 or later.

Chosen excerpts by Job Market Monitor

Calculated Risk

via Calculated Risk: How many Jobs are Needed to Reach Fed’s December Unemployment Rate Target for QE3 Tapering?.

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