With 1.7 jobs available for every unemployed personthe level of employment in the United States is “pernicious”, estimated on Wednesday the president of the Federal Reserve (Fed, central bank), who pointed out that it is urgent that people return to the working market.
“The labor market is very, very tight, at a pernicious level,” he said. Jerome Powell at a press conference after a two-day meeting of the agency’s monetary policy committee.
The job offer is such that millions of people leave their jobs every month to take another. Employers multiply attractive offers with bonuses and social benefits to attract or keep employees.
Powell noted that increasing the volume of workforce would release pressure on wages, whose rise feeds the inflation.
“We hope that people will return to the Work marketespecially because the covid is less and less a factor” that stops this return, he added.
Powell reiterated that price stability is “an essential goal” and a “precondition” for a healthier labor market.