come under the hood. the civilian labor force itself cell 250,000. sandra: what is all of this telling? it tells me there s a lot of weakness out there. it s telling me, for example, outside of sandra: so maybe it s time to lower interest rates. i wouldn t do that, that s an inflation problem. you are still running inflation for the first four months of the year and the cpi was above 4% at an annual rate. let me give you a number. the employment to population ratio sandra: what is it? there was a fabulous economist who worked for george w. bush, a labor economist named ed lazear from stanford university. he used to always tell me for 20 years, you want to look at the health of the labor market. employment as a share of the population. okay? it fell in this report, down one percentage point from the peak.
Sandra-smith
Lot
Example
Weakness
Telling
Cell
Under-the-hood
Civilian-labor-force
250000
Interest-rates
Number
Inflation