5min chapter

Moody's Talks - Inside Economics cover image

Debt Limit Relief, Labor Market Disbelief

Moody's Talks - Inside Economics

CHAPTER

The Unemployment Rate and the Fed's Balance Sheet

Chris McCaffery: I think that 3.7 unemployment rate is maybe a little bit misleading. It's unincorporated, self-employed people. They were doing something, whether that's not viable for them anymore. In terms of what the Fed does with this, I don't think they'll overreact to this report in one direction or another. He says he doesn't see any question that things are falling apart here. And they're not falling apart. Not falling apart.

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