Fed spokesperson: For the Fed, slower job growth may not signal a weak economy

PANews reported on June 6 that according to Jinshi, "Federal Reserve mouthpiece" Nick Timiraos wrote that Federal Reserve officials said they may pay more attention to unemployment rather than job growth in assessing whether labor demand is slowing. The reason is that they expect that as border controls are tightened, resulting in fewer people available for work, job growth will naturally slow. When job growth slows and the unemployment rate remains stable, it may indicate that the labor supply is falling faster than demand. The bottom line for the Fed is that as long as the unemployment rate remains at its current level, the Fed will not necessarily be concerned about slowing job growth.

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Author: PA一线

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