Wednesday, January 05, 2022 14:58:10 UTC

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.(More)

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