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Employment has fallen slightly recently: https://fred.stlouisfed.org/series/CE16OV https://fred.stlouisfed.org/series/CE16OV Not dramatically though, a more ch
by ac29 4y ago
Employment has fallen slightly recently: https://fred.stlouisfed.org/series/CE16OV https://fred.stlouisfed.org/series/CE16OV
Not dramatically though, a more charitable view would say that employement levels are fairly flat.
- hn_throwaway_99 4y agoThe unemployment rate is also extremely low by historical standards, even when taking into account the various measures of unemployment. There is also plenty of evidence that businesses are finding it unusually difficult to hire employees. The Fed is probably fine with the unemployment rate rising pretty significantly because they probably don't see the current rate as being sustainable.