7/19/2013 – Two more yeras before labor market normal: Fed paper (Reuters)

Jul 22, 2013 No Comments by

It could take another two years before the labor market returns to normal, according to research by the Federal Reserve Bank of Kansas City released on Friday, underscoring how far the economy must still go to regain full health.

The report uses a broad array of 23 labor market indicators, such as long-term employment and hourly earnings, to create measures of labor market improvement and level of activity in the labor market. “Normal conditions” are the roughly 20-year averages of these measures.

Read the full article at Reuters.

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