text:  Unemployment isn't based on supply and demand, but more on shifts in structure or technology. Think AI or self-checkout aisles replacing grocery cashiers. Falling inflation isn't the cause of those jobs going away. Earl says all of this makes cooling inflation without sacrificing lots of jobs easier than it used to be. Just look at 2019. Inflation and unemployment were lower than they are now. Whether that will happen now that we've reached this inflection point? We're not exactly sure where things are going to go.