by Lance Roberts, Clarity Financial
Recently, the March jobs report showed a whopping 916,000 new jobs. Interestingly, there were some anomalies in the data and millions missing from the official count.
As shown, there has been a substantial reduction in the unemployment rate back to 6%. Historically, an unemployment rate of 5% was considered “full employment.” However, for the Federal Reserve to have “cover” to continue current monetary interventions, a new standard has been set at the previous lows of 3.8%.
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