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Fed's Barkin: 4.2% Unemployment Rate Not a Bad Number
Summary: According to sources, the Federal Reserve's Barkin stated that a 4.2% unemployment rate is not a bad number. The unemployment rate has been very stable, with job growth slowing matching labor force growth. Initial job data is more surprising than revised figures. Companies have been restraining hiring, so even with cost pressures, there may not ...
According to sources, the Federal Reserve's Barkin stated that a 4.2% unemployment rate is not a bad number. The unemployment rate has been very stable, with job growth slowing matching labor force growth. Initial job data is more surprising than revised figures. Companies have been restraining hiring, so even with cost pressures, there may not be much room for layoffs. Given wage growth and employment, households' potential momentum still appears strong.
