WASHINGTON: The US labour market faces a lengthy recovery and the economy will not see “maximum employment” this year, Federal Reserve Chair Jerome Powell said on Thursday.
While he expressed hope about the restoration of jobs lost during the pandemic, Powell noted that millions of workers have left the labour force.
“I think it’s not at all likely it would reach maximum employment this year. I think it’s going to take some time to get there,” Powell said.
Comments
Comments are closed.