Yellen Confirms US Labor Market Health Amid Slow Hiring

U.S. Labor Market Health:
U.S. Treasury Secretary Janet Yellen has provided reassurance about the strength of the U.S. labor market despite a noted deceleration in job creation. Speaking in Raleigh, North Carolina, Yellen underscored that the labor market remains robust. She emphasized a healthy labor market, highlighting July's unemployment rate of 4.3%, which is still very low by historical standards. The Labor Department's closely watched jobs data for August indicates that the unemployment rate is forecast to ease slightly to 4.2%.