But while the Fed in 2019 was asking "'is this as strong as the labor market can get?'
Fed rate hikes could have "very significant, uneven short-term impacts" on the job market.
So far headline payroll employment growth remains strong.
Reuters Graphics Reuters GraphicsWANTING IT BOTH WAYSFor now, though, the Fed might mark the pandemic labor rebound as essentially complete, despite the risks.
The economy needs to create about 100,000 payroll jobs a month to keep pace with population growth.
Persons:
Bryan Woolston, Michael Madowitz, Raphael Bostic, Trump, Howard Schneider, Dan Burns, Andrea Ricci
Organizations:
Kentucky, Center, REUTERS, . Federal Reserve, Washington Center for Equitable, Reuters Graphics Reuters, Bureau of Labor Statistics, Atlanta Fed, BLS, American Progress, White House Council, Economic Advisers, Thomson
Locations:
Frankfort , Kentucky, U.S, Bryan Woolston WASHINGTON, COVID