Employment participation faces risk of a snapback as unemployment expected to rise in H2 – Pantheon Macroeconomics
Seeking Alpha ·
The recent dip in the U.S. unemployment rate to a 12-month low of 4.2% in June largely rests on a sharp decline in the participation rate, which fell to a post-Covid low of 61.5% from 62.5% in November, according to Pantheon Macroeconomics.
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