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Fed's Williams says still difficult to find workers in U.S. economy

October 21, 2022 9:18 AM EDT

FILE PHOTO: A pedestrian passes a "Help Wanted" sign in the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022. REUTERS/Brian Snyder

By Michael S. Derby

HUDSON, N.Y. (Reuters) - Finding workers remains a challenge in the U.S. economy, New York Federal Reserve President John Williams said on Friday.

"In the current environment, filling jobs can be a challenge," Williams said in prepared remarks for a speech in Hudson, New York. "Many are struggling to hire people, especially at the entry level in construction, nursing, and manufacturing," he said, adding that "the skills gap is a big obstacle."

Williams, who serves as the vice chair of the rate-setting Federal Open Market Committee, did not comment on the monetary policy outlook in his prepared remarks.

(Reporting by Michael S. Derby; Editing by Paul Simao)



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