Pre-open movers
U.S. stock futures traded higher in early pre-market trade after the Dow Jones gained 65 points in the previous session. Markets were closed .
Federal Reserve Governor Lael Brainard said on Tuesday that she expects to see further progress toward the Fed's goals in the coming months, as reported
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Childcare, virus fears, and UI benefits are fueling the labor shortage, Fed Gov. Lael Brainard said.
The shortage will likely fade by the fall as vaccination continues and the UI benefit lapses, she added.
Employment remains far from [the Fed s] goal but should pick up in the coming months, Brainard said.
An unusual imbalance between supply and demand in the labor market is holding back the hiring rebound, but the trend shouldn t last long, Federal Reserve Governor Lael Brainard said Tuesday.
On one hand, job openings soared to record highs in March as the country reopened and businesses looked to rehire. Yet a hugely disappointing April jobs report suggested that, while demand for labor was strong, not enough Americans were looking for work. The phenomenon has since been referred to as a labor shortage, joining the various other supply bottlenecks hindering the econo
Bitcoin jumped more than 10 percent during a surge in cryptocurrencies Monday, regaining some ground lost during a weekend sell-off that was sparked by renewed signs of a Chinese crackdown on the emerging sector.