Expect more soft landings – Dallas Fed study
Nature of current job vacancies in US is helping to keep unemployment levels stable, research finds
Softer landings may become the new normal, according to research from the Federal Reserve Bank of Dallas.
In a new paper, Anton Cheremukhin argues that since job vacancies are decreasing in the US while unemployment remains steady, the central bank may have an easier time reining in inflation without causing recessions.
“The number of firms seeking to fill positions by poaching employees from other firms increased, while the ranks of the unemployed remained relatively stable,” writes Cheremukhin
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