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Key Takeaways from Boston Fed President Eric Rosengren’s June 19 Remarks
Takeaway: Ongoing public health concerns have created an unusually complex employment situation, with U.S. unemployment at 13.3 percent, up dramatically from February in all age cohorts. But a return to work by more people is good news only if can be done safely and on a sustained basis. Excerpt: “If workplaces reopen without the necessary health precautions, the recent increases in payroll employment could be offset by possible business closures and serious health outcomes later. … If reopening can be done in ways that protect public health, then better outcomes now will also translate to better outcomes in the ... (full story)