If we’re in a recession, why are unemployment rates so low?

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Written By Jennifer Joslyn

🤑 If we’re in a recession, why are unemployment rates so low?

It’s a strange conundrum, indeed. Economists are scratching their heads at a 3.4% unemployment rate while the rest of the economy teeters on the edge. The housing market is tanking, inflation is consistently difficult, and tech companies some to be dropping employees like flies. Some economists suggest that despite inflation taking a chunk out of any wage gains made in the past year, the slowing wage growth is probably a good thing for the economy's health. The consumer price index jumped 6 ½ points year-over-year in Dember, bringing it back to a point similar to pre-pandemic 2019.

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Jennifer Joslyn
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