February 24, 2021

Improved child care could boost US employment: Fed’s Powell

Washington (AFP) – The US has lagged behind other advanced economies in providing child care options, and improvements could help more women return to the job market, Federal Reserve Chair Jerome Powell said Wednesday. “I do think that’s an area that’s worth looking at,” Powell told lawmakers when asked if helping families find affordable child care could help the economy get back to full employment more quickly. Other advanced economies have built up child care and as a result “they wind up having substantially higher labor force participation among women,” Powell told the House Financial Ser…

source https://this.kiji.is/en/737402055779057664?c=648607265489716321

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