U.S. labor market worse than it appears, Fed paper suggests
Story Date: 6/2/2021

 

Source: YAHOO FINANCE, 6/1/21

U.S. labor market signals are conflicting to an "unprecedented" degree, but those suggesting labor market slack should be given more weight than those pointing to tightness, according a paper published Monday by the San Francisco Federal Reserve Bank. The paper looked at 26 labor market measures that typically move in tandem and found that during the current recovery they are giving wildly divergent signals about the health of the job market.

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