If we are to take the official unemployment rate as the final word on the employment situation—as Fed Chairman Jerome Powell instructed us to at last month’s FOMC press conference— then we’re likely to conclude that the job market is still red hot.
If we are to take the official unemployment rate as the final word on the employment situation—as Fed Chairman Jerome Powell instructed us to at last month’s FOMC press conference— then we’re likely to conclude that the job market is still red hot.