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no question we are in a tight labor market -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Esther George from Kansas City Federal Reserve Bank addresses the National Association for Business Economics (Denver, Colorado) on October 6, 2019. REUTERS/Ann Saphir

(Reuters). – Esther George of Kansas City Fed stated Friday that there was no doubt the U.S. labor force is in tight spot. George also said she would closely examine how inflation and wage pressures play out as she tries determine how the economy will perform towards the Fed’s full employment goal.

George declared that the U.S. labor market is tight today at the Fed Conference on Energy. This was shortly after a Labor Department report revealed U.S. employers had added more jobs last month than they expected, following the recent COVID-19 surge. She said that policymakers will examine whether those who are currently on the margins of the labor force will be able to reenter. However, it could take some time. “You have to monitor the dynamic in our economy and the pressures coming on inflation and wages to see where we stand on the continuum of fulfilling that employment mandate.

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