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Fed Survey Says Vaccine Mandates Contributing to Labor Turnover

Employers across the U.S. are struggling to attract and retain talent, and in some areas, vaccine mandates have made it even more challenging to hold onto workers, the Federal Reserve’s Beige Book said Wednesday. 

The central bank said vaccine mandates were “widely cited” as contributing to high labor turnover, along with child-care issues and Covid-related absences. However, diving into the comments of the five regional Fed banks that mentioned vaccines, the repercussions of mandates varied.