Over the lunch hour I will be on OPB’s Think Out Loud discussing Oregon’s economy that is currently at fullish employment. Recently we have highlighted that the state now has neither an unemployment nor underemployment gap. What remains is the participation gap.
First, however, let’s talk a little about full employment. Unfortunately there are a few different definitions and no specific data series that magically says when an economy is at full employment.
Ed. Note: OPB -Think Out Loud. Economic Check In