Why it's possible to have too much employment in the U.S.
Publishing timestamp: 2023-04-07 07:00:02
Summary
The article discusses the concept of maximum employment and how it is difficult to quantify. The Federal Reserve has a dual mandate of creating maximum employment and maintaining stable prices, but it is challenging to achieve both simultaneously. The article also mentions that existing measures of employment do not account for certain groups of people, such as discouraged workers. The article concludes by discussing how inflation can impact employment and the economy.
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Source: https://www.cnbc.com/2023/04/07/federal-reserve-fed-inflation-jobs-report-unemployment.html