Growing U.S. Labor Force Keeps Fed at Ease

Reviving economy lures Americans back into the job market, alleviating inflation fears.

At Philadelphia Works Inc., a non-profit that connects employers to prospective employees, Meg Shope Koppel is seeing more Americans seeking help.

There “really is a pick-up in the number of people dedicated to finding a job,” said Koppel, a senior vice president for the agency. “A lot of people who fell out of the labor market” are looking.

Goldilocks Economy

“Goldilocks has the run of the house right now,” Yardeni said. “The bears haven’t come back.”

Sidelined Workers

Even so, the weakness of the economy has been far more important in driving workers to the sidelines during the last five years, according to the Atlanta Fed’s Hotchkiss.

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