‘Slack’ in Job Market Hurts Wage Growth, Chicago Fed Paper Says

The U.S. labor market still has plenty of unused capacity or “slack,” and that hurts workers at the bottom of the income ladder the most, according to a paper released Friday by two economists from the Federal Reserve Bank of Chicago. They say labor market conditions have “yet to revert fully to …

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‘Slack’ in Job Market Hurts Wage Growth, Chicago Fed Paper Says

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