Fed’s Daly: ‘We’re on our way’ back to pre-crisis employment levels

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FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo/File Photo

July 3, 2021

(Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said Friday that at the current pace of job growth, averaged over the past three months, U.S. employment could regain its pre-crisis level by the end of next year.

“Today’s job market report just says, we’re on our way,” Daly told CNN in an interview, referring to a government report earlier Friday that showed U.S. employers added 850,000 jobs in June. She added that she was very confident that by fall more Americans will be returning to the workforce.

(Reporting by Ann Saphir, Editing by Rosalba O’Brien)






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