St. Louis Fed Official: Maybe We Shouldn't Count the Long-Term Unemployed as 'Slack'
Are the jobless gone for good? A new analysis suggests they might be.
A shrinking labor force.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
There might be much less slack in the labor market than Janet Yellen thinks.
That's the prognosis offered by Stephen Williamson, vice president of the St. Louis Federal Reserve.