ABSTRACT

Post-Pandemic Labor Market and Rising Inflation [July 28, 2021]   [open pdf - 728KB]

From the Document: "As measured by the Consumer Price Index [hyperlink] (CPI), published by the Bureau of Labor Statistics (BLS), inflation has increased relatively quickly during the first several months of 2021. In June 2021, CPI inflation was 5.4% (measured by the percent change from June 2020), significantly higher than the sub 2% inflation that had become commonplace since the 2008 financial crisis. There are several reasons this could be occurring, and some have pointed to the labor market as an explanation. This Insight discusses the theoretical connection between the state of the labor market and inflation, recent trends in the labor market, and the dynamics between current labor market conditions and rising inflation in the economy."

Report Number:
CRS Insight, IN11711
Author:
Publisher:
Date:
2021-07-28
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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