The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation

The labor market the United States is experiencing right now wasn’t supposed to be possible. Not
that long ago, the overwhelming consensus among economists would have
been that you couldn’t have a 3.6 percent unemployment rate without also
seeing the rate of job creation slowing (where are new workers going to
come from with so few out of work, after all?) and having an inflation
surge (a worker shortage should mean employers bidding up wages,
right?).

Publisher: NYTimes | Author: Neil Irwin

TAGS
economy, jobs, strong economy, and unemployment
DATE PUBLISHED
2019-05-04 (Modified: 2019-05-04)

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https://www.nytimes.com/2019/05/03/upshot/unemployment-inflation-changing-economic-fundamentals.html?action=click&module=Top%20Stories&pgtype=Homepage

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