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Federal Reserve Bank of St. Louis
Economic Synopses
Is the FOMC’s unemployment rate threshold a good idea?
Daniel L. Thornton
Abstract

The November 2012 unemployment rate would have been 1.6 percent higher had the labor force participation rate declined as it did following the 2001 recession.


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Daniel L. Thornton, "Is the FOMC’s unemployment rate threshold a good idea?" , Federal Reserve Bank of St. Louis, Economic Synopses, number 1, 2013.
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Keywords: Unemployment ; Federal Open Market Committee
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