QE til 6.5% Unemployment? How’s 2018 sound?
Posted By Barry Ritholtz On December 18, 2012 @ 12:39 pm In Economy,Employment,Federal Reserve | Comments Disabled
[1]
Source: Hamilton Project [2]
Last night, I tweeted [3] this graphic of the job creation required to get to 6.5% unemployment. (Hat tip Dylan Matthews [4])
At 150k new jobs per month, this implies that we have QE until 2018.
For those traders afraid of the end of QE — you have some time to worry about it . . .
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2012/12/qe-til-6-5-unemployment-hows-2018-sound/
URLs in this post:
[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2012/12/QE-WHEEE.png
[2] Hamilton Project: http://www.hamiltonproject.org/papers/how_long_will_it_take_to_get_to_6.5_percent_unemployment/
[3] tweeted: http://twitpic.com/bn1gek
[4] Dylan Matthews: http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/17/study-we-wont-meet-the-feds-unemployment-target-for-three-years/
Click here to print.