The jobs market may be past 'full employment.' Here's what that means
Posted: Wed Jun 21, 2017 5:04 pm
Yahoo News - 6/21/2017 - Jeff Cox - On its face, it seems like an oxymoron that only an economist could love: The job market has actually exceeded the level of "full employment," which sounds like there are more people working than there are jobs. However, that's exactly the heights where some feel the economy is at this point. At 4.3 percent the unemployment rate has gone well below where anyone expected it and is likely to improve only modestly if at all from here. "Our findings suggest that the labor market has already slightly overshot full employment," Goldman Sachs economist Daan Struyven said in a report for clients. Read more @ https://www.yahoo.com/news/jobs-market- ... 39802.html