Reported about 1 month ago
U.S. Treasury Secretary Janet Yellen stated that despite a recent slowdown in job creation, the U.S. labor market remains healthy. Although the unemployment rate reached a three-year high of 4.3% in July, Yellen noted it is still historically low. Upcoming data is expected to show further easing in the unemployment rate, while private payrolls revealed the lowest hiring levels in over three years, indicating a potential slowdown. However, Yellen emphasized that the economy and labor market continue to show solid growth.
Source: YAHOO