U.S. labor market worse than it appears, Fed paper suggests

San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir

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. Because the pandemic has forced so many people out of the workforce, "negative signals such as the low labor force participation rate provide a better read than do the positive signals," the researchers argued. "Overall, our findings reveal that the labor market situation is worse than some headline numbers suggest."

Lol no shit

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global Stocks Slip as Inflation Remains in FocusGlobal markets drifted lower, as investors considered the outlook for U.S. inflation and international economic recovery. The biggest factor to inflation is not the printing of USD it’s the cost of shipping! Costs are rising at a pace of madness doubling since the beginning of the year and increasing by $1,000 a week from Shanghai to Los Angeles! Retailers and Consumers beware! A Call to Protect People and Nature! Thread to watch/read:
Source: WSJ - 🏆 98. / 63 Read more »