Yellen says the labor force participation is "quite depressed" compared to pre-pandemic levels

The uneven job recovery — namely a shortage of workers — is a direct result of the pandemic, Treasury Secretary Janet Yellen told "Face the Nation" moderator Margaret Brennan in an exclusive interview Friday. 

"When we really get control of the pandemic, I think labor supply will go back to normal," Yellen predicted. 

Yellen pointed to several reasons for an "abnormally low" supply of labor — including a shortage of childcare workers and educators, which "creates childcare problems."