Fed Chair Jerome Powell and Treasury Secretary Janet Yellen peg the actual unemployment rate at around 10%, higher than the official 6.3%.
The central bank made a policy U-turn in 2019, cutting interest rates. Neel Kashkari says that's a good thing.
Haitians, whose temporary protected status is ending in the U.S., are helping to solve the problem.
2017 was a good year for jobs. Over the past year, (November 2016 to November 2017, the latest figure available), unemployment’s fallen by half a percent to just 4.1 percent. And according to orthodox economics, that means we’re hovering around full employment. Basically, the model says: If unemployment falls lower, employers will be so desperate […]
We’re getting awfully close to what economists call full employment. It means that unemployment is low enough that everyone who wants a job can pretty much find one. So if you push the unemployment rate a whole lot lower, you start to get imbalances in the economy, like acute labor shortages in some sectors and […]
If the economy were to keep adding 287,000 jobs, month after month, most of those who have dropped out of the workforce would likely come back.