Editorial: Refugees want jobs, and the economy wants workers

With a total of 517,000 new jobs created last month and total employment estimates revised up, the country now has the lowest unemployment rate in more than half a century. The numbers cooled recession fears, and while some economists and policymakers fret that the robust labor gains are going to send us into an inflationary tailspin, inflation indicators have actually been trending positively even as hiring has remained robust. Perhaps some of the conventional wisdom about the need to bludgeon wage and job gains to suppress inflation isn’t so common sense after all. What is common sense is us…

Read More