2min chapter

Moody's Talks - Inside Economics cover image

Near Perfect, New Probability

Moody's Talks - Inside Economics

CHAPTER

The Importance of Wage Growth

The unemployment rate is expected to move up a little bit here. I'm not worried that it ticked down instead of up just because the labor force is still growing. Government employment was up 15,000 in July. The average in the second quarter was 40,000. It's still up, but definitely slower than it was.

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