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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.

Diminished US workforce could lead Fed to keep rates high

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 .

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.

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