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Unemployment rate slides but minds wary of the lows
The jobless rate fell to 3.8 percent last month, the lowest since 2000, while labor force participation slipped to 62.7 percent. Economists debate how far unemployment can drop, with forecasts ranging from 3.2 to below 3 percent by 2020, amid rising inflation, deficits, and possible recession risks.
MENTIONED IN THIS ARTICLE
Diane Swank
Grant Thornton
Swank
Trump Administration
Federal Reserve
Fed
Dean Baker
Center For Economic and Policy Research
Baker
David Berson
Nationwide