The economy appears to have turned the corner, and forecasters generally see a robust recovery. But forecasts in a time like this must be viewed cautiously.
Rich countries have had higher levels of education for a long time, but poor countries are catching up. However, the increased education for poor countries hasn’t translated to catching up economically.
St. Louis Fed President James Bullard looks at some unemployment indicators for the second quarter so far and compares them to estimates from a March blog post.