DATA VIEW: DETAILED UNEMPLOYMENT MEASURES UPDATE
Detailed unemployment measures (part-time employment and long term unemployed) continue to trend down within their relevant descending ranges, however did not yet restore - unlike headline indicators (such as Non-Farm Payrolls and Unemployment Rate), confirming the Fed's words regarding still weak employment market.
If the indicators stay within their relevant descending ranges, full recovery is expected in 2016-2017
If the indicators stay within their relevant descending ranges, full recovery is expected in 2016-2017
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