More remote work opportunities are credited for helping women with young children get jobs.
AdvertisementAdvertisementAdditionally, the Wells Fargo economists also identified women with young children as a new strength for the job market.
This surge in employment, particularly among mothers with young children, has played a significant role in boosting the economy.
To be sure, this level of workforce participation could drop in the coming months as childcare opportunities become harder to find.
Drew Angerer/Getty ImagesThe robust labor market has helped boost the economy despite inflation still above the Federal Reserve's 2.0% target.
Persons:
—, Wells Fargo, Jobs, Janet Yellen, Drew Angerer, Daniel Greenhaus, Greenhaus, Paul McCulley, McCulley
Organizations:
Service, Wells, Brookings, US, U.S . Treasury, Federal, payrolls, Bloomberg, Georgetown's School of Business
Locations:
Wells, Wells Fargo, U.S