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>> JANET YELLEN Latest News

APR 01, 2014 - Business Insider

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ROSENBERG: These 21 Charts Will Convince You That The Labor Market Is Tighter Than You Think

The unemployment rate has fallen sharply from its recessionary peak, however, a large portion of this reflects a decline in the participation rate. In fact, many pundits (including several Fed officials) are completely dismissing the drop in the traditional U3 unemployment rate as a true barometer of labour market tightness (I think that is a mistake, by the way).  The participation rate has fallen from pre-recession levels of 65% to 63% in February as record numbers of Americans have left the workforce — it hasn’t been this low since the late 1970s. The rise in the number ... Read More

Tags: ROSENBERG: These 21 Charts Will Convince You That The Labor Market Is Tighter Than You Think,  Janet Yellen Latest News