miércoles, 2 de abril de 2014

Unemployment in the US...

The US unemployment rate is down to 6.7%. That's the good news. The bad news is that the unemployment rate in the US would be 12.2% if the labor force participation rate were kept steady at 66%. No wonder Fed Chair Yellen is going to such lengths to emphasize that investors shouldn't expect the Fed to start increasing the Fed Funds rate when the unemployment rate hits 6.5%.

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