Stable inflation and low unemployment suggest the U.S. economy is enjoying a Goldilocks moment, running neither too hot nor too cold to cause much hardship for households. But how low can joblessness fall, and for how long, before a boon for the economy turns into a burden for everyone? Since the end of the last recession, U.S. unemployment has fallen from nearly 10% to 3.9% in April. If unemployment runs too low for too long, inflation or dangerous financial bubbles could build. The last three times the jobless rate has moved...

Source: Wall Street Journal May 06, 2018 17:26 UTC