US Treasury Secretary Yellen, labor market still "healthy" - data suggests slowdown
September 6, 2024 2:46 JST (excerpt)
US labor market to continue creating employment - Secretary Yellen
The number of private employees in August showed the lowest growth since January 2021, and the number of job vacancies in July decreased.
US labor market to continue creating employment - Secretary Yellen
The number of private employees in August showed the lowest growth since January 2021, and the number of job vacancies in July decreased.
US Treasury Secretary Yellen pointed out that the US labor market remains healthy. She stated that personal consumption and investment expenditure are "very strong". However, recent data suggests some slowdown.
On the 5th, Yellen spoke to reporters in Raleigh, North Carolina, stating, "While labor market tightness has eased in the past year or so, the current unemployment rate is very low by historical standards." She further stated, "In my opinion, the labor market is good and healthy, and will continue to create employment in the future."
On the 5th, Yellen spoke to reporters in Raleigh, North Carolina, stating, "While labor market tightness has eased in the past year or so, the current unemployment rate is very low by historical standards." She further stated, "In my opinion, the labor market is good and healthy, and will continue to create employment in the future."
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
