The US Unemployment Rate Is Going Lower and Lower

The US unemployment rate has been going lower and lower and lower since the middle of last year. But consumer prices have decelerated Tremendously including core rates including service rates that we'll talk about in a minute. This suggests that maybe instead of the u star calculations and the unemployment rate being out of whack Maybe just the unemployment rate is actually much higher Consistent with what those used our calculations actually are which? That's the participation problem in a nutshell.

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