DATA VIEW (NOT A FORECAST): UNEMPLOYMENT RAGE BACK TO LOWS
Unemployment rate has declined below 6%, thus returning to levels usually associated with historical lows since 1970ies.
6% is an important number, as it is one of the targets of Federal Reserve’s dual mandate. 6% unemployment and 2% inflation are the numbers the FED is targeting to start unwinding monetary stimulus measures.
6% is an important number, as it is one of the targets of Federal Reserve’s dual mandate. 6% unemployment and 2% inflation are the numbers the FED is targeting to start unwinding monetary stimulus measures.
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