Birdwatch Note Rating
2024-10-28 12:52:43 UTC - HELPFUL
Rated by Participant: 00F2CB78B000C047878DD6F69F4E1C274A4D47DCEE8FA6F4743F635F0A40C0CB
Participant Details
Original Note:
A unemployment rate of 4.1% is not “the lowest since 1968.” Unemployment has been lower several times within the last 4 years, including in 2019. The 2.2% inflation rate is within the last 12 months (excludes the 8.3% of 2022) and is still above the FOMC target of 2%. https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm https://www.federalreserve.gov/economy-at-a-glance-inflation-pce.htm#:~:text=What%20is%20the%20Fed's%20inflation,personal%20consumption%20expenditures%20(PCE).
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