Economist Sees a Dark Side to Falling Unemployment

Job seekers wait in line to enter the Dr. King career fair in the Brooklyn borough of New York Photograph by Michael Nagle/Bloomberg

Ian Shepherdson is a nice guy. He’s also an economist, which means that he looks at the world a bit … differently. Right now, he’s concerned that the U.S. unemployment rate might continue to fall faster than the Federal Reserve is projecting.

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