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Why central bankers want higher unemployment

The David McWilliams Podcast

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The Jolt Series - What's Going On?

Since the 1960s, there has always been a presumption that there will be more workers than demand for workers. But statistics out of the States this week tell you something extraordinary. There are 10.1 million openings in the U.S., which means 4 million excess jobs. I would say exactly the same if we had the same level of detailed data,. We'd find the same in Ireland, we'dfind the same in the UK, find the same all over Europe.

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