Economy is 'extraordinary' - Wolfers

March 12, 2023 WDIV

Justin Wolfers, WDIV: "My summary is what a little ripper. Last month, we were extraordinary. So we aren't extraordinary two months in a row, we're merely very good. This is the sort of job growth that maybe we've gotten used to over the past couple of years, but in any other year we would have said, 'Wow, this is really something.' And unemployment ticked up a little bit, but realize whichever way you look at it, we're within spitting distance of the lowest unemployment rate in 50 years. So I kind of like an economy in which unemployment's low and inflation is falling. Now if we can get inflation the rest of the way down, that'll be even better."