Stock Groups

Labor force participation “quite depressed” versus pre-pandemic levels, Yellen says -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: Janet Yellen (U.S. Treasury Secretary) attends the UN Climate Change Conference in Glasgow, Scotland on November 3, 2021. REUTERS/Phil Noble

(Reuters] – U.S. Treasury secretary Janet Yellen claimed on Friday that participation in the labor market was at a “quite low” level compared with pre-pandemic levels.

“When (COVID-19 pandemic) is under control, then I believe labor supply will return to normal,” Yellen said in an interview with CBS’ Face the Nation on Friday.

Yellen stated that there are many reasons why the supply of labor is “abnormally low,” including a lack of educators and childcare workers, which causes “clustering problems.”

“That also tends to suppress labor supply,” she added https://cbsn.ws/3n9iiR5.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]