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Near Perfect, New Probability
Moody's Talks - Inside Economics
The Slowdown in Wage Growth Is Counterintuitive
I don't think there's any evidence that we're well beyond full employment at 3.5%. We are still drawing in 150,000 to 250,000 workers into labor force every month. I think you could argue that we could see wage growth moderate faster if unemployment crept up closer to four. But I don't think we necessarily need to see that happen in order to get back to a steady state where we're a long run path.
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