Opinion: April’s disappointing jobs report proves the Fed shouldn’t hike rates

Opinion: April’s disappointing jobs report proves the Fed shouldn’t hike rates

Perspectives Dana Peterson

Labor shortages are not widespread. Rather, special, and arguably temporary, factors are causing them in certain segments of the economy. “For hire” signs are plentiful in industries that have thrived during the pandemic and desperately need workers. Consumers’ hunger for goods, including cars, gaming systems, outdoor furniture and new housing are fueling high demand for laborers in industries such as manufacturing, trucking and construction. Only recently have select in-person services industries — like restaurants and hospitality — faced labor shortages, which is a…

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Opinion: April's disappointing jobs report proves the Fed shouldn't hike rates

 

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