Powell on non-farm payrolls: labour market not a significant source of inflationary pressure
April 4, according to Golden Ten reports, Federal Reserve Chairman Jerome Powell spoke on the economic outlook, saying that the labour market appears to be roughly in balance by many indicators and is not an important source of inflationary pressures. Today's jobs report showed that the unemployment rate was 4.2% in March, which remains at a low level since early last year. Employment grew by an average of 150,000 jobs per month in the first quarter. The combination of low layoffs, slowing job growth and labour force growth has kept the unemployment rate essentially stable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain "contract-quitting, spot-buying" whale address has accumulated 7,066 ETH in the past 5 days

The Secretary of the National Security and Defense Council of Ukraine and his team have departed for the United States.