Financial News: More Covid woes: Fed Reserve

Financial News:

More Covid woes: Fed Reserve


The newest COVID-19 wave is reducing labor supply, leading the Federal Reserve to conclude that employment is approaching its practical limits.

Reports indicate a slowdown in hiring at front-line enterprises and a record number of Americans quitting their jobs. Employment dipped in December, according to statistics compiled by company payroll managers Homebase and UKG, coinciding with a record incidence of coronavirus illnesses caused by the Omicron type.

Photo: January 2022: Record U.S. quits, hiring slowdown may show Omicron's impact on labor supply


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Content ID: 1641393847 Created Wednesday, January 05, 2022 2:44 PM UTC by Aaron Stipkovich, Updated Wednesday, January 05, 2022 2:53 PM UTC by Aaron Stipkovich.