Federal Reserve Economists Say Labor Market Will Bounce Back in Two Years
According to two Federal Reserve economists, it should take about two more years before our labor market returns to the norm.
Keeping in mind we’re media folks and not necessarily economist-types who crunch numbers, we’ll share this update at a macro level.
As pointed out by ERE, they looked at 23 different labor market indicators and said change is above the average but hasn’t morphed into an equivalent rate of conversion to boost labor market conditions.
Although jobs are being created in particular in the temp area, the national unemployment rate continues to plod along.
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