St. Louis Fed president: Labor market showing signs of weakness

So I see the labor market as stable around full employment. Uh we have an unemployment rate at 4.2% which is consistent with full employment and you know low by historical averages. We have a ratio of vacancies to persons unemployed which is above one meaning there is more than one vacancy slightly more than one vacancy for each person unemployed and looking for a job.We have uh the transition rates from employed to employed are consistent with a full employment labor market and the employment cost index is ...