Fed's Goolsbee says job data show labor market is cooling to sustainable pace

Recent data show the U.S. labor market is still strong but has been weakening, said Chicago Fed President Austan Goolsbee, on Friday.

In a CNBC interview shortly after the U.S. Labor Department reported that the economy added 209,000 jobs in June, Goolsbee said that he didn’t want make too much of one month’s data.Stepping back, he said the bigger picture shows some softening in the jobs market, for instance, the ratio of vacancies to unemployed workers is coming down.

Goolsbee, who is a voting member of the Fed’s interest-rate committee this year, said the 0.4% increase in hourly wages —which was above consensus of a 0.3% gain— was a lagging indicator and was not a sign of higher inflation to come.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Fed's Goolsbee: It is clear job market is strong but coolingIn an interview with CNBC on Friday, Chicago Federal Reserve Bank President Austan Goolsbee said that they don't need a recession to eliminate inflati
स्रोत: FXStreetNews - 🏆 14. / 72 और पढो »