Flatlining Participation, Rising Wages Leave Fed Employment Puzzle Unresolved

Reuters, Nov. 8, 2021–Howard Schneider
The U.S. Federal Reserve’s hoped-for surge of people into the U.S. job market fell short again in October, with the labor force participation rate now flat for 15 months and continued broad wage gains reflecting what’s become perhaps the key supply “bottleneck” for the central bank.