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Fed Brad: The US job market is tighter than it looks A senior Fed official said that the US labor market is tighter than it seems, which may speed up the timetable for the Fed to remove some monetary stimulus measures from the economy. In an interview with the Financial Times, St. Louis Fed President James Brad said that although the data show that the number of non-agricultural employment is still 8 million below the pre-pandemic level, other indicators are far close to normal and are consistent with anecdotal evidence of workers. shortage. “I’m gradually making the judgment that the labor market should be interpreted as being quite tight. You will definitely see this in companies, and they say they will continue to raise wages for these types of workers. They continue to say,’Let We pay some signing bonuses and let workers in,’ and you will see that some companies actually just closed because they couldn’t find enough workers,” Brad said.

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