A diminished US workforce could lead Fed to keep rates high
Fed chair Jerome Powell has pointed to the shortfall of worker as the primary remaining driver of the price spikes gripping the economy.
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Fed chair Jerome Powell has pointed to the shortfall of worker as the primary remaining driver of the price spikes gripping the economy.
WASHINGTON — Still eager to hire, America’s employers are posting more job openings than they did before the pandemic struck 2½ years ago. Problem is, there aren’t enough applicants. The nation’s labor force is smaller than when the pandemic struck. The reasons vary — an unexpected wave of retirements, a drop in legal immigration, the ...
The leading cause of the worker shortfall, according to research by the Fed, is a surge in retirements.
WASHINGTON (AP) — Still eager to hire, America’s employers are posting more job openings than they did before the pandemic struck 2½ years ago.
Still eager to hire, America’s employers are posting more job openings than they did before the pandemic struck 2½ years ago.