Federal Reserve: Businesses Say Vaccine Mandates Are Hurting Employment

By Jack Phillips

October 21, 2021 Updated: October 21, 2021

The Federal Reserve on Thursday said that businesses have reported COVID-19 vaccine mandates have hurt employment and are contributing to labor supply problems—even before President Joe Biden’s previously announced vaccine mandate for private businesses goes into effect.

While employment increased at a modest to moderate rate in recent weeks, the Fed’s so-called Beige Book noted that the U.S. economy has been “dampened by a low supply of workers,” partially due to vaccine mandates.