The Weekly Commentary from BlackRock repeats the uncommon concept of "full-employment recession". In the age of "unprecedented" unprecedentedness, I assume nothing is obvious and our sense of knowledge is never "common".
What makes full-employment recessions (FER) even possible?
"Full-Employment" as defined by BLS is a partial metric of a partial metric made less encompassing by the growing number of retirees returning work to make up for recent hits to their retirement investments.
Are FER factors the remaining shockwaves of global health threat response or the anticipation of another such "black swan" event?
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