To bring the real unemployment rate to 3.5% in the U.S., at least a $3 trillion stimulus plan is needed
According to a report from Yahoo Finance, a study by the economic think tank Foundations Collaborative found that to reduce the actual unemployment rate in the United States to 3.5%, a stimulus plan of US$3 trillion to US$4.5 trillion is needed. At present, the latest economic stimulus package discussed by the two parties in the United States is only 908 billion US dollars, and it has not yet been passed. The conclusion of this study is based on the US unemployment rate of 13% in November. Although the official US unemployment rate for November was 6.7%, economists warned that the actual unemployment rate was much higher if one took into account the decline in the labor force participation rate since February.