The US unemployment rate is now at its lowest level since May 2001. With the exception of the period from early 1999 to early 2001, you would have to go back to 1969 to find a US unemployment rate this low. The lowest the unemployment rate got to durring the period from early 1999 to early 2001 was 3.8% in the summer of 2000. The current figure of 4.4% is just about half a percentage point from that mark.
Any further drop in the unemployment rate is going to make things tough for employers as labor shortages will develop as they did in 1999 and 2000 leading to wage pressure and inflation. It would probably be better for the economy for the unemployment rate to stabilize at this level, rather than continue to drop as labor shortages and inflation will eventually cause problems for the economy as a whole.
http://money.cnn.com/2006/11/03/news/economy/jobs_october/index.htm
Any further drop in the unemployment rate is going to make things tough for employers as labor shortages will develop as they did in 1999 and 2000 leading to wage pressure and inflation. It would probably be better for the economy for the unemployment rate to stabilize at this level, rather than continue to drop as labor shortages and inflation will eventually cause problems for the economy as a whole.
http://money.cnn.com/2006/11/03/news/economy/jobs_october/index.htm