Mussalemm Observes Labor Market Near Full Employment but Warns of Possible Weakness

Mussalemm suggests current labor conditions are strong but may face softness in the near future.

Summary

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Terms & Concepts
  • Full Employment: An economic condition where nearly all individuals willing and able to work at prevailing wages are employed.
  • Labor Market: The supply and demand for labor, in which employees provide the supply and employers provide the demand.