wallstreetexaminer.com / by Anthony B. Sanders via Confounded Interest /
Federal Reserve Chair Janet Yellen is worried … because the U.S. economy is running short of workers.
Seven years into the economic expansion, the U.S. is showing some signs of running short of people who want jobs and are qualified to fill existing openings. The shortfall, which has been evident for some time for highly skilled workers such as computer software developers, is starting to spread to those with lesser talents as unemployment falls further.
“We are now close to eliminating the slack that has weighed on the labor market since the recession,” Federal Reserve Chair Janet Yellen said in a June 6 speech in Philadelphia.
The post Yellen Faces Rate Dilemma as U.S. Economy Runs Short of Workers (?) appeared first on Silver For The People.