More rate cuts expected despite employment growth

13 June 2019

 

The overall trend of a falling unemployment rate has remained intact, even as recent employment reports indicated employment creation had not been keeping up with the flow of new workforce entrants. The participation rate has been rising, typically a sign of confidence among prospective employees and contractors but then again, the underemployment rate has hardly budged. Recent leading indicators have not given economists much reason to expect the unemployment rate...

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