David Lin: Will Layoffs Soar? Economy in Treacherous Waters

In a recent interview, Betsey Stevenson, Professor of Public Policy and Economics at the University of Michigan and former Chief Economist at the U.S. Department of Labor, joined David Lin to discuss the current state of the labor market in the US and potential ways to combat inflation. Stevenson began by discussing the state of the labor market, highlighting the historically low unemployment rate and the tightening of the labor market. She noted that the current unemployment rate of 3.6% is close to the lowest rate seen in the past 50 years. This tight labor market has led to increased…