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Jobless Rates Show Cyclical Revival, Structural Slack
Saturday, April 8, 2017 4:17
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from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI
Joblessness hasn’t been lower since before the Great Recession, underscoring the cyclical recovery in the labor market. That’s the message from both the “official” U3 jobless rate and the so-called “real” jobless rate U6, which captures some of the additional labor market slack.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201704080544
