Free Trial

MNI PODCAST: FedSpeak - US Labor Market Show Signs of Cooling

(MNI) WASHINGTON
  • Month-to-month job gains remain "substantial" compared to the pre-pandemic average of 90,000 new payrolls a month, but there are signs that labor demand is cooling.
  • San Francisco Fed economist Nicolas Petrosky-Nadeau says falling job openings and quits rates signal the Fed is "on a good path toward witnessing an orderly slowdown in the labor market."
  • An aging population explains almost all of the decline in participation since the pandemic, he says.

Listen to the podcast here.

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.