Fed's Goolsbee: Has grown much less involved about labor market slowdown

• Says that over the past a number of months turn out to be extra snug that this can be a stabilization of the job market at a full-employment-like stage, versus one thing that was crashing by regular and turning into one thing worse
• Sees much less deterioration in a broad basket of labor-market indicators.
• Thinks the developments from final summer season look much less like the beginning of a downturn and extra like a benign adjustment from a scorching job market to a balanced one.

This text was written by Emma Wang at www.ubaidahsan.com.



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