US labour force participation 'quite depressed' versus pre-pandemic levels: Yellen
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[WASHINGTON] US Treasury Secretary Janet Yellen said on Friday that labour force participation was "quite depressed", compared to pre-pandemic levels.
"When we really get control of the (Covid-19) pandemic, I think labour supply will go back to normal," Yellen told CBS' Face the Nation in an interview on Friday.
Yellen said there were several reasons for an "abnormally low" supply of labor, including a shortage of childcare workers and educators, which "creates childcare problems." "That also tends to suppress labour supply," she added.
REUTERS
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