Richmond Fed President Tom Barkin said the decline in the unemployment rate was welcome and described job growth as modest but stable. He also noted that hiring remains concentrated in healthcare and AI, leaving the overall picture uncomfortably narrow, adding that demand still looks healthy, while progress on inflation will take time, keeping upcoming data in focus.
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Source: https://www.fxstreet.com/news/feds-barkin-labour-market-is-steady-but-hiring-remains-uncomfortably-narrow-202601091843
