The Week Ahead: Defining a decent jobs market key for fate of Fed’s support

Published by
Miami Herald

A not-so-very-strong-but-decent jobs report in the week ahead will be enough to convince the Federal Reserve to slowly pull back its massive support of the economy. What is decent job growth? Employers have been erratic in their hiring while also complaining about the lack of labor supply. There are plenty of contributors to the turbulent job market — the role of unemployment insurance, wages, working conditions — but ultimately it is the COVID-19 virus that is driving decisions by companies and workers. American firms added over 1 million new positions in July. Infections were waning, summer …

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