The Labor Market: Cyclical strength and structural change
Insights Now
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Long Run Unemployment
The fed, based off its summary of economic projections, is targeting a four percent unemployment rate. It's also pretty decently below the a long run average of six point two percent. When we think about the natural rate of unemployment that's consistent with stable inflation, do you think four percent is too low? I think it probably is. We just aren't sure that it's as low as four percent.
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