| Economic Alert|

United States – The importance of participation

7 January 2013 19:30 GMT David Semmens , Mike Moran , Sophii Weng

  • The shift in Fed policy guidance augments the importance of unemployment and participation rates • The Fed’s 6.5% target for unemployment may be a soft target, conditional on ‘quality’ of job recovery • We revise down our year-end 2013 and 2014 unemployment forecasts to 7.2% and 6.8%, respectively
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Author: David Semmens , Mike Moran , Sophii Weng

Region: Americas > US

Economics: GDP growth , Macro trends , Monetary Policy , Our forecasts

Publication Name: Economic Alert

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