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Notes on the Week Ahead· Folge 351

Labor Market Mysteries

Montag, 31. August 2026 · 10 min

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Shownotes

In a generally upbeat Jackson Hole speech on Friday, Fed Chairman Kevin Warsh asserted that “labor markets are consistent with full employment”. Given that the current unemployment rate, at 4.1%, is the lowest it’s been in 18 months and is also lower than it has been 88% of the time over the past 50 years, it is hard to argue with the Chairman’s assessment.

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