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Thursday, February 09, 2017

Three Reasons We’re Not Yet at Full Employment

Jared Bernstein:

Three reasons we’re not yet at full employment: It is often asserted that the U.S. labor market, where unemployment has been at or below 5 percent since late 2015, has reached full employment. But I’ve got three reasons we’re not yet quite there yet:
— the underemployment employment rate is still too high;
— employment rates are still too low;
— wage pressures are still too mild.
I’ll explain each in turn...

    Posted by on Thursday, February 9, 2017 at 10:31 AM in Economics, Unemployment | Permalink  Comments (69)


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