Fed’s Lockhart Says August Jobs Report ‘Far From Satisfactory’

Federal Reserve Bank of Atlanta President Dennis Lockhart said the August jobs report was “far from satisfactory” one week after the central bank announced new stimulus measures to bolster the economy.

“The state of employment here and now and the immediate outlook for jobs is front of mind for me and my colleagues,” Lockhart said in the text of prepared remarks in Kansas City today.

“In today’s labor market, the skills that matter most for job finding and job keeping, as well as wage growth, encompass abilities like critical thinking and analytical skills,” Lockhart, who votes on the FOMC this year, said at a conference at the Kansas City Fed.

To contact the reporter on this story: Aki Ito in San Francisco at aito16@bloomberg.net.

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

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