Powell: Despite Slower Job Growth, the Labor Market Remains Strong

According to a report by Jinse Finance, Federal Reserve Chair Jerome Powell stated in his speech that the labor market remains robust, as indicated by metrics such as the quit rate, job vacancies, and unemployment rate. He noted that although the pace of job creation has slowed, the growth rate of labor supply is also decelerating. Market analysts suggest that while he did not explicitly mention it, this is widely believed to be related to a decrease in immigration.