- The Big Picture - http://www.ritholtz.com/blog -

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/

Copyright © 2008 The Big Picture. All rights reserved.