Near Perfect, New Probability
Moody's Talks - Inside Economics
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The Unemployment Rate Is Consistent With the Economy Slowing
The unemployment rate has been more or less 3.5% now for almost a year and a half, I think, maybe not quite, but pretty darn close. The mere fact that we continue to pull people into the labor market suggests that if we are at full employment, we're not certainly well beyond full employment, right? Because we keep bringing people back in or taking them off the sidelines. But I don't think that we are well beyond, which would be the cause for concern on the inflationary standpoint. And I think that's reflected even in those wage statistics. Yeah, they're not falling as quickly as we'd like, but they're not accelerating either. So 3.
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