Fed’s Williams says still difficult to find workers in U.S. economy

By Michael S. Derby

HUDSON, N.Y. (Reuters) – Finding workers remains a challenge in the U.S. economy, New York Federal Reserve President John Williams said on Friday.

“In the current environment, filling jobs can be a challenge,” Williams said in prepared remarks for a speech in Hudson (NYSE:), New York. “Many are struggling to hire people, especially at the entry level in construction, nursing, and manufacturing,” he said, adding that “the skills gap is a big obstacle.”

Williams, who serves as the vice chair of the rate-setting Federal Open Market Committee, did not comment on the monetary policy outlook in his prepared remarks.

[ad_2]

Source link