Day: December 8, 2022


No Labor Cavalry Coming to the Rescue

Reuters (12/08/22) Schneider, Howard The movement of people into and out of the U.S. labor force has shifted against the U.S. Federal Reserve’s wish that an increasing supply of workers will help tame inflation. The coronavirus pandemic resulted in a huge dislocation in the job market, with tens of millions at least temporarily unemployed. Fed policymakers initially expected those distortions would wane over time and

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