Central Banks
US Labor Market Is Cooling Without Big Losses, Fed’s Waller Says
- There’s a better balance between demand and supply, he says
- Fed governor says ratio of openings to unemployed has fallen
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Federal Reserve Governor Christopher Waller said the US labor market is cooling this year without there being a big spike in unemployment as the economy has returned to a better balance between the supply and demand for workers.
“It’s slowing down,” Waller said in a speech in St. Louis. “We’re looking at the labor market, we’re seeing it normalized” and getting into “better balance between supply and demand.”