Summary List Placement
Federal Reserve Chair Jerome Powell said on Wednesday that US unemployment is about 10% — or nearly twice the officially recorded rate. That roughly equal to Great Recession levels more than a decade ago.
The Fed chair made the remarks in a speech on strengthening a battered labor market at the Economic Club of New York. He said the economy was still nearly 10 million jobs below pre-pandemic levels, and urged
The latest jobs report showed the economy recovered 49,000 jobs in January, causing a drop in the official unemployment rate to 6.3%.
But Powell also indicated the details ⇒
BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com