Macroeconomics for everybody! The (new) 10-Minute Take podcast from RBC Economics will explain (in simple terms) what the latest economic data means and why you should care. It's everything you wanted to know but were too shy to ask -- in less than 10 minutes.
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Macroeconomics for everybody! The (new) 10-Minute Take podcast from RBC Economics will explain (in simple terms) what the latest economic data means and why you should care. It's everything you wanted to know but were too shy to ask -- in less than 10 minutes.
Why is the U.S. unemployment rate low amid trade uncertainty?
The 10-Minute Take
10 minutes 40 seconds
4 months ago
Why is the U.S. unemployment rate low amid trade uncertainty?
The U.S. unemployment rate has remained near historic lows amid massive uncertainty from trade wars.
A long-term structural trend—surging retirements—is keeping the unemployment rate from rising drastically even during short-term cyclical deterioration in the labour market.
In this episode of the 10-Minute Take, RBC Economics’ Carrie Freestone and Claire Fan discuss:
• The mechanisms of how record retirements keep the unemployment rate low over the medium-term.
• Why the U.S. arguably needs more new workers than it needs new jobs.
• How these structural forces will play out with near-term cyclical forces (like a labour market deterioration).
• How immigration policy in Canada has blunted—but not fully eliminated—the cost of population aging.
The 10-Minute Take
Macroeconomics for everybody! The (new) 10-Minute Take podcast from RBC Economics will explain (in simple terms) what the latest economic data means and why you should care. It's everything you wanted to know but were too shy to ask -- in less than 10 minutes.
