https://www.washingtonpost.com/business ... -shortage/
''The U.S. economy added 559,000 jobs in May, the latest sign of a strengthening recovery as vaccinations rise and covid restrictions ease nationwide.
The unemployment rate dropped slightly from 6.1 percent to 5.8 percent, according to the monthly report, from the Bureau of Labor Statistics.''
''Economists interviewed by The Washington Post characterized the report as a positive one, but cautioned that there were signs that a tight labor market was continuing to weigh on rehiring.
Drew Matus, chief market strategist for MetLife Investment Management, pointed to both the rising wages and the labor force participation rate, which ticked down 0.1 of a percentage point in May and remains well below its pre-pandemic level.''
''Andrew Hollenhorst, chief U.S. economist for Citi, echoed similar themes.
“The shortage story is coming through very clearly what you’re seeing in wages and participation,” he said. “That clearly is holding back hiring.”''
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