shows an unemployment rate of 5.8 percent — higher than pre-pandemic levels, which were hovering at a half-century low of around 3.5 percent.
He noted the slew of retirements that have changed the shape of the labor force, but said he expected to see a "very strong labor market very quickly," citing the large pool of job seekers and the reopening of schools and child care centers in the fall, which should enable workers who are not currently participating in the labor force to return to work. He also encouraged people to get vaccinated, since that would diminish concerns about contracting the virus at work.
The Fed's annual symposium in August in Jackson Hole, Wyoming, is widely expected to be the moment when Fed officials begin to discuss in earnest the timeline for winding down its $120 billion monthly bond buying.
DUH...DUH...DUH. WHO IS REALLY SURPRISED NO ONE ON THE LEFT...
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