Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

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

Published 07/02/2021, 07:57 PM
Updated 07/02/2021, 08:00 PM
© 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. 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.

Latest comments

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.
Blind leading the blind.
Liars. All of them.
like always, stats are fudged, and morally incomplete.
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.
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
I mean, I was a craft bartender for a decade in San Francisco. I made $300+ in tips a night.
Second largest employer for June is gov, brilliant
So time to stop giving the wealthy free money ….14 years is quite enough
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.