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too early to know how tight U.S. labor market is -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Mary Daly is the President of Federal Reserve Bank of San Francisco after giving an address on U.S. Economic Outlook in Idaho Falls (Idaho), U.S.A., 11/12/2018. REUTERS/Ann Saphir./File Photo

(Reuters) – Mary Daly, President of San Francisco Federal Reserve Bank said Tuesday that it was too soon to determine how far America is from full employment. She also stated that the United States will not have better information until around the middle next year.

Daly stated that it would take some time for us to understand the truth. Given the uncertainty about the future state of the labour market, it is important to “stay in the boat” and remain vigilant.

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