The new "normal" unemployment rate - pegged by most before the financial crisis at 5% - may have...

|By:, SA News Editor

The new "normal" unemployment rate - pegged by most before the financial crisis at 5% - may have had its center kicked up to 6.7%, according to a new SF Fed paper. Longer-term joblessness, extended benefits and structural mismatches might be impeding any decline to the 5% mark.