Fed’s Barkin: A 4.2% Unemployment Rate Is Not a Bad Number
According to Jinse Finance, Federal Reserve's Barkin stated that a 4.2% unemployment rate is not a bad number. The unemployment rate has remained very stable, and the slowdown in job growth is in line with the slowdown in labor force growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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The Reserve Bank of Australia acknowledges that the trade-off between inflation and full employment has worsened, but maintains that its goal is to return the Consumer Price Index (CPI) to the 2-3% target range.
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