Full employment won't happen until the fourth quarter of 2022, Fitch Ratings is predicting.
The prediction comes about a month after Minneapolis Federal Reserve Bank President Neel Kashkari estimated full employment will take a few years.
The recent severe job market shock has led to an increase in long-term unemployment and permanently discouraged some older workers who lost their jobs during the pandemic from looking for jobs again, Fitch said.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
