How Long Will It Take To Get to 6.5% Unemployment – Brookings Investigates

The Brookings Institute examined how long it will take to return to 6.5% unemployment recently.  The level is important because the Federal Reserve set it as the benchmark rate at which it would begin to increase interest rates again.  This matters for anyone thinking about starting a business, buying a home, or borrowing money.  They conclude that even under the most optimistic of scenarios, we won’t hit 6.5% until early 2014, but it could be as long as 2018 if we continue sluggish job growth.  Read the report for a deeper look and an interactive tool!

 

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