High unemployment not structural: Boston Fed’s Rosengren

boston-federal-reserve

The persistently high unemployment rate experienced in the US is not a structural issue, Eric Rosengren, president of the Boston Federal Reserve, said on Monday.

At the New England Board of Higher Education's summit on Bridging Higher Education and the Workforce in Boston, Massachusetts, Rosengren said: "If most of the current unemployment were structural, we would expect to see compensation increasing as employers bid for scarce high-skilled workers. But compensation growth has slowed, and

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