'Powell: We don't see labor market weakness accelerating'

United States Federal Reserve Chair Jerome Powell stated on Wednesday that there are no signs that the weakness in the jobs market is accelerating.

Speaking at a press conference, Powell insisted that although the central bank has not had access to some key job data over the last four weeks due to the government shutdown, the alternative data showed that the situation in the labor market is "kind of stable."

However, he warned that the job creation rate, as well as the job finding rate for unemployed people, is "very low."

https://breakingthenews.net/Article/Powell:-We-don't-see-labor-market-weakness-accelerating/65076761