In practice it makes up around 2%. The remainder in good times is people who wer...

ls612 on June 3, 2020 | parent | context | favorite | on: Declining worker power vs. rising monopoly power: ...

In practice it makes up around 2%. The remainder in good times is people who were just fired, a few layoffs (since even in booms businesses can fail) and a few people entering the workforce.

sudosysgen on June 3, 2020 [–]

Sure. That is less than half of the normal unemployement rate.