Fed’s Barkin: We are in a zero-to-modest gain jobs environment
Comments from Barkin:
- Job data was very consistent wit ha sector in weak balance
- Job data is more low hire, low fire
- The jobs data doesn’t feel very good but it is where it is
- Corporate earnings are quite strong and growing nicely
- Is watching corporate earnings for linkage to job market
This is the kind of talk we heard earlier this year, then it faded for awhile when jobs were around 100k per month.
This article was written by Adam Button at investinglive.com.