The Fed's Attempt to Induce a Soft Landing in the Labor Market

Logan: I'm very interested to see is does the participation rate like obviously we're coming off the back end of the economic lockdowns. There are a lot of jobs available, but they're typically in the service sector and so this is one thing I wonder The participation rate specifically does it throw a wrench in the feds ability to create a soft landing because as people remain unemployed for longer and fall out of the unemployment calculation? Logan: Like there's a huge bifurcation in the labor market that just like you know unemployment rate or even labor Participation rate doesn't capture.