Civilian labor force participation rate for people age 25 to 54. | Courtesy of the Federal Reserve Bank of St. Louis. While the national unemployment rate has returned to recent historical norms of about 4 percent, the economy needs to add another two million jobs before it reaches full employment, a Federal Reserve economist said in Louisville Thursday. David Andolfatto David Andolfatto, vice president of the Federal Reserve Bank of St. Louis, also said that the number of middle class jobs has declined in the last decade and has given way to both low-wage and high-wage jobs, which is […]
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