Eunice Bakr
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An interesting insight on janus faced US labor market's current state

"The U.S. labor market is looking a little surreal these days.

Take the number of workers filing claims for unemployment benefits. As a share of the population, it’s the lowest since at least 1967 -- the year Grace Slick and her Jefferson Airplane bandmates dropped drug references in the San Francisco-spawned album Surrealistic Pillow, and 37 years before Janet Yellen became president of the region’s Federal Reserve bank. Yet the ranks of the long-term unemployed remain larger than at any time before the 2007-2009 recession.

That leads to two starkly different views of the U.S. economy. In one, job growth is increasing along with inflation, leaving Yellen, now at the helm of the U.S. central bank, behind the curve with recession-era monetary policy still in place. The other view portrays a fragile recovery that owes its modest gains to the Fed’s near-zero interest rates. The job-market contrasts are dividing economy-watchers on when the Fed should start raising rates, which it hasn’t done since 2006."

Bloomberg