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EURJPY TECHS

Resumes Its Downtrend

GBPUSD TECHS

Bears Pause For Breath

EURUSD TECHS

Trend Needle Still Points South

EUROSTOXX50 TECHS

(Z1) Bearish Risk Remains Present

BTP TECHS

(Z1) Recovers Off Last Week's Low

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Richmond Fed President Tom Barkin said Tuesday that labor shortages could last "far beyond the pandemic" as workers age, birthrates fall and mismatches persist, crimping overall growth.

Despite a recovery in the unemployment rate to 4.8%, roughly 100 million Americans over age 16 aren't working or looking for work, disproportionately women and those without a college degree, he said. Roughly 16% of them would need to return to the workforce to get the U.S. back to its peak employment-to-population level seen in 2000.

Mismatches, family care, health and incentives are keeping people on the sidelines and the pandemic has intensified these issues, he said. MNI has reported Fed economists have turned more pessimistic about a rapid rebound in workforce participation.