First of all, we don't have a target for maximum sustainable employment. We don't even know exactly where it is. When you get up closer, you sort of test the boundaries. Right now, we're below maximum sustainable employment. That's what we mean when we say the labour market's soft or there's some slack in the labour market.
First of all, we don't have a target for maximum sustainable employment. We don't even know exactly where it is. When you get up closer, you sort of test the boundaries. Right now, we're below maximum sustainable employment. That's what we mean when we say the labour market's soft or there's some slack in the labour market.