The link between inflation and unemployment has weakened over the past couple of decades, said Brian Jenkins, an economics professor at the University of California, Irvine. Unemployment can move on its own, while inflation is tethered to what people expect inflation is going to be, Jenkins said. … There’s a debate about why the link between unemployment and inflation is breaking down, but one theory economists have put forward is that the Federal Reserve is doing a better job of meeting its inflation target and managing our inflation expectations, Jenkins said. 

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