a narrowing margin between respondents who are finding jobs "plentiful" and those who are finding jobs "hard to get."
"It's the realization that if they leave their job, it's going to be hard to find a new one," Berger said.For now, the Fed appears to be OK with this state of affairs. Federal Reserve Chair Jerome Powell said in a recent press conference that despite the slowing the labor market is "actually in solid condition."
He added, "The reason to be optimistic is just the forces that eventually get it to stop are underway, which is the Fed easing."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US consumer confidence ebbs in September on labor market fearsU.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market. The Conference Board said on Tuesday its ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
U.S. consumer confidence ebbs in September on labour market concernsThe Conference Board said on Tuesday its consumer confidence index dropped to 98.7 this month from an upwardly revised 105.6 in August. The decline was the largest since August 2021
Source: globebusiness - 🏆 31. / 66 Read more »
How the labor market impacts consumer spendingRetail earnings reports from Kohl's (KSS) and Abercrombie & Fitch (ANF) are painting a mixed picture of consumer health. To provide insight into how economic...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Labor market, Fed policy, tech rotation: Market trendsMarkets ended Wednesday's trading session mixed, as major indexes (^DJI, ^IXIC, ^GSPC) looked to recover from a tech-driven sell-off Tuesday. Yahoo Finance's...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow slumps, Nasdaq whipsaws amid more soft labor market dataLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »