Why Lower Interest Rates May Not Fix America’s Job Market

Fed officials worry that the balance could quickly topple into a less curious and more economically painful wave of layoffs. The labor force participation rate was at 62.3% in August, a full percentage point below its pre-pandemic level. Several major factors behind the slowdown in both supply and demand for labor have nothing to do with interest rates, including the nation's aging population, President Donald Trump's crackdown on immigration , the adoption of artificial intelligence technology, and uncerta ...