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Fed’s Evans Says Unemployment Remains Too High at 5.9%

Bloomberg (10/08/14) Michelle Jamrisko

Chicago Federal Reserve Bank president Charles Evans says the U.S. economy has not yet returned to “full labor-market health.” Rather, “At 5.9%, the unemployment rate remains above what most people think of as its long-run neutral level,” he says. The long-run neutral rate of unemployment lies between 5.2% and 5.5%, according to Fed estimates.