Stock Groups

U.S. job market in a “jumble,” but economy on firm footing By Reuters

© Reuters. FILEPHOTO: Raphael W. Bostic is the President and Chief executive officer of Federal Reserve Bank of Atlanta. He spoke at an event called European Financial Forum, Dublin. February 13. 2019. REUTERS/Clodagh Kilcoyne/File Photo

WASHINGTON (Reuters) – The U.S. labor market is in a “jumble” as workers sort out child care and navigate an ongoing pandemic, but the country remains on track for a full recovery, Atlanta Fed president Raphael Bostic said on Tuesday.

Bostic stated that there is “a lot of confusion and a lot of chaos and a lot of turmoil” in the United States as families try to balance work and family obligations. He also said that automation has been a major factor in the ongoing coronavirus crisis. The economy’s trajectory is stable at the end. Based on the models I have seen and data that I see, we appear to be well-positioned for a complete recovery. The momentum will continue even with the rise in Delta.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.