Workers who have dropped out of the labor force may take a few years to begin searching for work, Federal Reserve economists say in a paper offering insights into the health of a labor market that’s key to central bank policy.
James D. Jones III has been drafting new drawings of the piping at an Atlanta-area factory on a contract for ManpowerGroup Inc. for the last 10 months. When this job ends, he says it will be easy to find another.
New Zealand employers added the most workers on record in the three months through March, driving the kiwi to erase losses triggered yesterday by the central bank’s announcement of intervention to weaken it.
When Zhang Youneng’s house was flattened by an earthquake last month, the Chinese factory worker had no choice but to travel 2,000 kilometers (1,240 miles) back home to help his wife deal with the aftermath.