Treasury Secretary Janet Yellen asserts a healthy US labor market despite signs of slowdown.
Treasury Secretary Janet Yellen maintains that the US labor market is "healthy," despite signs of a slowdown, including a rise in the unemployment rate to 4.3% and decreased job openings. While recent data indicates fewer hires, Yellen emphasizes that this rate remains historically low. She expresses optimism about the economy, supported by strong consumer and investment spending, as the market awaits the upcoming August jobs report for further insights.
September 05, 2024
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