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Full employment: Good for workers, bad for economic growth
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Sep 22, 2017
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Full employment: Good for workers, bad for economic growth
A new report says the state's economic growth is hindered by a lack of people hustling for jobs, and affordable homes to keep them housed.
Unemployed New Yorkers look through the help wanted ads at Department of Labor field office in midtown Manhattan in New York City
Unemployed New Yorkers look through the help wanted ads at Department of Labor field office in midtown Manhattan in New York City
(
Chris Hondros/Getty Images
)

A new report says the state's economic growth is hindered by a lack of people hustling for jobs, and affordable homes to keep them housed.

Can good news actually be bad news?

The state is pretty near full employment, which is a fancy term economists use for when almost everyone who's willing and able to work has a job.

But the possible bad news – full employment might actually be slowing down our economy.

Chris Thornberg, founding partner at Beacon Economics, talks about the results from its recent report.

Hear why the economy can grow if there are workers out looking for jobs. Click the blue audio player above.