Reported 7 months ago
US Treasury Secretary Janet Yellen mentioned that the current US job market is increasingly similar to the pre-pandemic situation, with slowing wage growth not posing a threat to inflation. Yellen highlighted the decline in job openings, a rise in labor force participation, and slower wage increases as signs of normalcy. Additionally, she discussed the need to address high living costs, particularly in housing, education, and healthcare, and proposed measures to manage inflation and support Ukraine financially.
Source: YAHOO