Powell: Labor market has seen slowdown in supply and demand for workers
CNBC Televisionยท2025-09-23 19:30
In the labor market, there has been a marked slowdown in both the supply of and the demand for workers, an unusual and challenging development. In this less dynamic and somewhat softer labor market, the downside risks to employment have risen. The unemployment rate edged up to 4.3% in August, but has remained relatively stable at a low level over the past year.Payroll job gains slowed sharply over summer months as employers added an average of just 29,000 per month over the past three months. The recent pac ...