BlockBeats news, on August 15, Federal Reserve's Barkin stated that a 4.2% unemployment rate is not a bad number. The unemployment rate has been very stable, and the slowdown in job growth matches the slowdown in labor force growth.
The initial employment data is more surprising than the revised figures. Companies have been restraining hiring, so even if there are cost pressures, there may not be much room for layoffs. Given wage growth and employment, households' potential momentum still seems strong. (Jin Shi)