How to Gauge Maximum Employment
Congress has given the Federal Reserve a dual mandate: pursue stable prices and achieve maximum employment. In pursuit…
Tracking Labor Market Stress – San Francisco Fed
The labor market is an important barometer of overall economic health. Rapid increases in the unemployment rate are…
Assessing the Recent Rise in Unemployment
The unemployment rate declined rapidly following the pandemic recession, dropping to 3.5% in the second quarter of 2023…