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「Fed Whisperer」: The reason why the US unemployment rate has not increased is that people have been exiting the labor force
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2026-05-08 12:48

BlockBeats News, May 8th, Fed's "whisperer" Nick Timiraos stated that according to a household survey, the number of employed persons decreased by 226,000. The labor force shrank by 92,000. The labor force participation rate edged down by 0.1 percentage point to 61.8%. (In other words, the reason the U.S. unemployment rate has not risen is because people are leaving the labor market rather than finding jobs.) (FXStreet)

Source: BlockBeats

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