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DJ US Labor Market Seen Improving, But Long Road Ahead to Recovery -- Market Talk

· 02/05/2021 09:56

1456 GMT - The progress of vaccination and the government's Covid-19 relief programs should continue to drive the recovery and lead to higher job gains in the coming months, Christoph Balz, senior economist at Commerzbank, says. In contrast to the eurozone, a relapse into recession is unlikely, but the employment the U.S. enjoyed before the pandemic is a long way off and the official unemployment figures understate the extent of the issue, he says. "Wage pressure and thus underlying inflation are likely to remain low for at least the next year or two," Balz says. (xavier.fontdegloria@wsj.com)

(END) Dow Jones Newswires

February 05, 2021 09:56 ET (14:56 GMT)

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