The unemployment rate should always be at appx 7.5%, not 5% or less.  In regards to the “ideal” 5% figure, I believe that 4% of the public is unemployable in any capacity and/or won’t work, and 1% is employable but simply in-between jobs at the moment, but there’s another segment being left out, and they make all the difference in the world . . .

The people who should be working ARE working at 7.5%, and those who are entirely too stupid, incompetent or unemployable to find or keep a job are able to not only find work, they can bounce from job to job during a “boom” when unemployment rates are between 5% & 7.5% & continue screwing up life for everyone they come in contact with.

These people are the chronically unemployable, which means that sometimes they’re good employees & sometimes they’re bad.  This happens due to a number of reasons, e.g., poor work habits, poor personal decisions, addiction, personality disorders, you name it.

But if they get fired in a boom period, they’ll simply get hired on elsewhere due to a lack of qualified employees.  So there’s actually a segment of the population that will work, but they don’t do good work & you can’t work with them for long, or they’re just too damn stupid or lazy or shiftless to toe the line, and that figure is about 2.5% of the population in my opinion.

We may have 7.5 million people out there that we can’t keep employed and who cause trouble everywhere they go.  No, they’re not ALL your relatives or co-workers, though it may seem like that at times.

A boom period also brings in these same idiots who now think they that since they constantly clash with their employers & can’t hold a job for whatever reasons, they were meant to run a business, and many of them do so simply because they have no option otherwise.  They then proceed to screw over their customers because they aren’t smart enough to be in business and/or they’re perpetually under-capitalized & not tending to their business, and now they have no one to whom they can pass the buck.

Everybody I know who has a good brain & is a good person/businessman is making money right now.  At the current national unemployment rate of 7.3% as of Oct 2013, we have the perfect balance to keep the idiots “out of the loop” who don’t deserve to prosper & screw up the natural market balance.  It keeps out “loser” employees who are only working to fund a drug habit or simply pay whatever current debt they have that they can’t cover through their own normal, unscrupulous means (drug sales or the opportunity to steal is not good at this moment), plus it omits wannabe entrepreneurs who have no business being in business, including unscrupulous, inexperienced & low-capitalized employers/contractors, protecting those who know how to deliver goods & services properly, which protects consumers from shoddy business practices & horrible employees.

Be happy we’re where we’re at, as a buyer’s market is what we need to ensure not only that the few thriving experienced businesses are paid a proper profit margin, but mainly to protect consumers from unsound businesses that are riding the prosperity wave and trying to cash in to collect a dollar for a dime’s worth of service, who employ people who should be sitting on the sidelines until they get their act together.