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InvestmentsFed's Daly says dependent care is essential to supporting work By Reuters

Fed’s Daly says dependent care is essential to supporting work By Reuters

© Reuters. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses on the financial institution’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir

(Reuters) – A excessive variety of job postings and a low unemployment charge don’t robotically imply that each one individuals who need to work are ready to land a job and a few folks want extra assist, San Francisco Federal Reserve President Mary Daly mentioned on Thursday.

“Just saying that the labor market has a low unemployment rate is not saying that everyone who wants a job can get one because some of the barriers are not about job openings but about the network of things to support work,” Daly mentioned throughout a digital occasion centered on the function of care work. “Dependent care is an essential ingredient to supporting work.”

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