Many economists would welcome a small rise in the unemployment rate.
They are troubled by the rate’s swift decline from its pandemic peak because it partly reflects a lack of job seekers—effectively limiting the amount of fuel in the economy’s engine.
Read More: Falling Unemployment Could Add to Worries About the U.S. Labor Market
Falling Unemployment Could Add to Worries About the U.S. Labor Market
Many economists would welcome a small rise in the unemployment rate.
They are troubled by the rate’s swift decline from its pandemic peak because it partly reflects a lack of job seekers—effectively limiting the amount of fuel in the economy’s engine.
Read More: Falling Unemployment Could Add to Worries About the U.S. Labor Market