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Once jobless and uncounted, eager workers could slow Fed rate hike
October 18, 2016 by publisher · Leave a Comment
By Howard Schneider WELLSTON, Missouri (Reuters) – The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labor market and how quickly interest rates should rise. Among those in the building on a recent fall day, 23-year-old Joshua Goodson described his recent work history as a “dead end…
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Once jobless and uncounted, eager workers could slow Fed rate hike