An economist with the Federal Reserve Bank of Dallas says that despite the country’s recent recovery, it’s unlikely to recover to full employment until the end of the decade.
“I think we’ve reached the peak of the recovery,” said James Dornan, an economist at the Fed.
“We’ve had a very strong job market.
But the real question is how long can we sustain it?”
Dornan said the labor market was showing signs of improvement, but the Fed has cautioned that the pace of recovery will depend on a host of factors.
For instance, the unemployment rate is down to 4.6%, but the labor force participation rate is still about 63%.
The economy has recovered faster than expected.
But while economists say the economy is growing, the labor participation rate has declined.
The economy is slowing down.
In January, the Bureau of Labor Statistics said the economy was growing 2.6% in the third quarter, down from the previous quarter’s 3.9%.
Economists said the slow growth could be a result of an aging population and an influx of people into the labor pool, which is shrinking.
The jobless rate is at 7.5% and has remained steady since the summer.
The jobs market has improved somewhat, but it’s still a long way from full employment.
The Labor Department says the unemployment rates for those ages 16 to 64 have dropped to 4% from 6.1% in February, the most recent month for which data are available.
That’s the lowest level since May of 2013.
The unemployment rate for those age 65 and older has fallen to 3.3%, down from 4.5%.
The economy has also been improving, but Dornaman cautioned that it remains to be seen if the recovery will last.
He also cautioned that this is not a good sign for the broader economy.
The Fed has also raised interest rates for the first time in more than a decade.
The Fed’s key rate is now at 1.25%, down about 0.5 percentage points from January and its first rate hike since December.
The unemployment rate remains at 7%.