2/7/2024, 5:12:03 pm

US Labor Market Shows Signs of Losing Steam, Putting the Fed on Alert

Fed officials and economists are concerned that the labor market is losing steam, with job openings declining and employees quitting less frequently. This could lead to higher unemployment and slower economic growth, putting pressure on the Fed to adjust its monetary policy. With inflation still above the 2% target, a softening labor market could have significant implications for the economy.