Why it’s possible to have too much employment in the U.S.

Posted on AllSides April 7th, 2023
From The Center

It’s impossible to have an economy with 0% unemployment, but it’s also difficult to maintain low unemployment without initiating painful inflation.

“It’s hard to tell Americans we can have too many people working,” David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, told CNBC.

Since 1977, the Federal Reserve has focused on creating maximum employment and maintaining stable prices, commonly known as the dual mandate.

Yet, maximum employment is difficult to quantify.

Read full story
Some content from this outlet may be limited or behind a paywall.

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right