Six Takeaways from Boston Fed President Eric Rosengren’s May 5, 2021 Remarks: Takeaway: The economy is seeing rapid growth in real output and notable improvements in payroll employment, relative to the depths of the pandemic. But despite improvements on public health and economic activity, significant slack remains in the economy as millions have not yet regained jobs. Excerpt: “The unemployment rate does not include the millions who have left the workforce since the pandemic began. The labor force participation rate, measured by the percent of the population in the workforce, whether employed or unemployed, remains ... (full story)