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Chicago Fed's Moskow on the US labor market

In a speech on 'Job Loss: Causes, consequences, and policy responses' given on 1 March, Michael Moskow of the Federal Reserve Bank of Chicago said at the moment, wage pressures within the US labor market are behaving as expected.

Despite the improvement in the labor market, the number of displaced workers remains higher even than in periods with higher unemployment rates, Moskow said in the address to a National Association of State Workforce Agencies conference in Washington.

"With a higher

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