Maximum Employment

Searching for Maximum Employment in US – Achieving the labor market’s longer-term potential may require a few more years of expansion

How well the economy is progressing toward the Federal Reserve’s goal of maximum employment is reflected in a range of indicators that evolve over time. Beyond the unemployment rate, two key metrics of labor market health are the labor force participation rate and the employment-to-population ratio. The aging of the population is reducing the levels … Continue reading →