Barkin: The employment report shows that the hiring environment remains sluggish; attention should be paid to the risks of unemployment and inflation.
AI Summary1 min read
TL;DR
Fed Chair Barkin notes moderate job growth but a sluggish hiring environment persists. While job gains and labor supply are balanced, risks of rising unemployment and high inflation require monitoring.
According to ChainCatcher, citing Jinshi, Federal Reserve Chairman Barkin stated that the latest employment data shows moderate job growth and a persistently sluggish hiring environment. Data released by the U.S. Bureau of Labor Statistics shows that employers added 50,000 jobs last month, and the unemployment rate fell slightly to 4.4%. Barkin noted that the balance between moderate job growth and labor supply continues, but the risks of rising unemployment and persistently high inflation need to be monitored.