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Economy20 hours up to now (Nov 12, 2021 08: 15PM ET)


© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends the UN Local weather Alternate Conference (COP26) in Glasgow, Scotland, Britain, November 3, 2021. REUTERS/Phil Noble

(Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that labor power participation used to be “rather sad” when put next with pre-pandemic ranges.

“After we undoubtedly salvage control of the (COVID-19) pandemic, I verbalize labor provide will lope wait on to traditional,” Yellen told CBS’ “Face the Nation” in an interview on Friday.

Yellen said there own been several causes for an “abnormally low” provide of labor, together with an absence of childcare workers and educators, which “creates childcare problems.”

“That also tends to suppress labor provide,” she added https://cbsn.ws/3n9iiR5.

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