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Powell Says U.S. Labor Market ‘Very Strong’ by Many Measures

  • Fed chairman’s remarks are on eve on monthly payroll report
  • Says economy performing well overall with strong job creation
Bloomberg business news
Michelle Meyer, Bank of America Merrill Lynch head of U.S. economics, previews the November U.S. jobs report.(Source: Bloomberg)
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Federal Reserve Chairman Jerome Powell delivered a bullish assessment of the U.S. economy and the job market on the eve of the scheduled release of November employment data.

“Our economy is currently performing very well overall, with strong job creation and gradually rising wages,’’ Powell said in the text of a speech to be delivered to a housing conference in Washington on Thursday. “In fact, by many national-level measures, our labor market is very strong.’’