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Fed's Daly: 'We're on our way' back to pre-crisis employment levels

EconomyJul 02, 2021 08:00PM ET
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© Reuters. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo/File Photo

(Reuters) - Federal Reserve Bank of San Francisco President Mary Daly said Friday that at the current pace of job growth, averaged over the past three months, U.S. employment could regain its pre-crisis level by the end of next year.

"Today's job market report just says, we're on our way," Daly told CNN in an interview, referring to a government report earlier Friday that showed U.S. employers added 850,000 jobs in June. She added that she was very confident that by fall more Americans will be returning to the workforce.

Fed's Daly: 'We're on our way' back to pre-crisis employment levels
 

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Comments (9)
Kenneth Rappold
Kenneth Rappold Jul 03, 2021 9:30PM ET
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The bounce back in job growth is encouraging and should create some room for the fed to begin to slowly and steadily normalize interest rates.
mark twain
mark twain Jul 03, 2021 12:13PM ET
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Blind leading the blind.
Angus Malarkey
Angus Malarkey Jul 03, 2021 5:29AM ET
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Liars. All of them.
freedom byforce
freedom byforce Jul 03, 2021 12:39AM ET
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is this really a headline? no limit to the propaganda.
Todd Gray
Todd Gray Jul 02, 2021 10:21PM ET
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like always, stats are fudged, and morally incomplete.
Todd Gray
Todd Gray Jul 02, 2021 10:19PM ET
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no duh. it would have happened a few months ago, but what modern American is going to go back to work when their being paid unemployment bonuses every week, to stay home.
Sol Wein
Sol Wein Jul 02, 2021 9:27PM ET
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Yes with a bunch of waiters and bartenders jobs, which made up better than 50% of the number this month. And this is our cheer leaders at the fed…clue less
Joel Schwartz
Joel Schwartz Jul 02, 2021 9:27PM ET
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I mean, I was a craft bartender for a decade in San Francisco. I made $300+ in tips a night.
freedom byforce
freedom byforce Jul 02, 2021 9:27PM ET
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good luck getting that from a homeless population. they wont even tip after you scoop their ***
Trevor Roberts
LimitUp Jul 02, 2021 8:42PM ET
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Second largest employer for June is gov, brilliant
freedom byforce
freedom byforce Jul 02, 2021 8:42PM ET
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i wish i could be president for a week. id fire 50% of gov. and delete 50% of the agencies.
William Bailey
William Bailey Jul 02, 2021 8:15PM ET
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So time to stop giving the wealthy free money ….14 years is quite enough
 
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