Longer Job Hunts Keep Inflation From Catching FireGene Koretz
Laura D'Andrea Tyson, head of the President's Council of Economic Advisers, recently suggested that the natural rate of unemployment--the level below which inflation pressures build--is somewhere between 5.9% and 6.3%. Since April's jobless rate was 6.4%, that's hardly reassuring news.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.