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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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Diminished US workforce could lead Fed to keep rates high

Diminished US workforce could lead Fed to keep rates high
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A diminished US workforce could lead Fed to keep rates high

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 .

District of columbiaUnited statesDiane soiniJerome powellMatt kleinSanta barbaraJeffrey moriartySean rayfordUniversity of californiaFederal reserveFederal reserve chair jerome powellContinental divideArizona national scenic trailGem artCrown point

A Diminished US Workforce Could Lead Fed to Keep Rates High

The leading cause of the worker shortfall, according to research by the Fed, is a surge in retirements.

District of columbiaUnited statesDiane soiniJerome powellMatt kleinSanta barbaraJeffrey moriartyUniversity of californiaAssociated pressFederal reserveFederal reserve chair jerome powellContinental divideArizona national scenic trailGem artCrown point

A diminished US workforce could lead Fed to keep rates high - Netscape Money & Business

A diminished US workforce could lead Fed to keep rates high - Netscape Money & Business
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