Treasury chief Yellen said the relief package may help the economy return to full employment in 2022. Officials are also concerned with other measures of financial hardship and inequality.
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.