US Treasury Secretary Janet Yellen expressed confidence in America's job market, stating that she is not concerned about its current status. Yellen made these remarks ahead of the release of the Labor Department's latest labor data.
During a visit to a community college in Raleigh, North Carolina, Yellen highlighted that the job market has shown signs of improvement over the past year. She noted that while the job market has become slightly less tight, the current unemployment rate remains historically low.
Yellen emphasized that in her view, the labor market in the US is healthy and continues to generate new job opportunities. She pointed out that the ongoing job creation is a positive indicator of the market's strength.
Furthermore, Yellen stated that based on her assessment, the labor market is not posing a risk of inflationary pressure. This suggests that the current job market conditions are not likely to contribute to inflation concerns.
Yellen's optimistic outlook on the job market aligns with the broader economic indicators that have shown resilience and growth in the US economy. As the Labor Department prepares to release its latest labor data, Yellen's comments provide a positive perspective on the state of employment in the country.
