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The labor market is tight, with many employers desperate for workers. But there are signs it’s starting to stabilize.

Job openings rose to a new record high in June, but hiring also increased. That could be a sign that supply pressures are beginning to ease. July also saw a big jump in hiring.

But the surging delta variant is raising concerns about whether the momentum can continue.

What’s next for the economy? Guest host Chris Farrell got the scoop straight from Neel Kashkari, who leads the Federal Reserve Bank in Minneapolis. They talked about the labor market, the potential for inflation and how the rest of 2021 might look for the Ninth District.  

Use the audio player above to listen to the full conversation.

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Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, joined guest host Chris Farrell to talk about the labor market, inflation and the state of the economy in the Upper Midwest.

Minneapolis Fed President Neel Kashkari on the labor market

Neel Kashkari wraps up the Regional Economic Conditions Conference.

Minneapolis Fed President Neel Kashkari on the labor market

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