Atlanta Fed President Bostic Says "Signs Of Balance" Also Coming To Labor Market, With Slower Job Growth Concentrated In Health Care And Social Assistance Industry; Business Say It Is Getting Easier To Hire, Wage Growth Likely To Slow
Portfolio Pulse from Benzinga Newsdesk
Atlanta Fed President Bostic has noted signs of balance in the labor market, with slower job growth concentrated in the health care and social assistance industry. Businesses are finding it easier to hire, which could lead to slower wage growth.
October 03, 2023 | 5:07 pm
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NEUTRAL IMPACT
The comments from Atlanta Fed President Bostic about a balanced labor market and potential slower wage growth could impact the broader market, represented by SPY.
The labor market conditions and wage growth are key indicators of economic health and can influence investor sentiment. While the comments suggest a balanced labor market, slower wage growth could dampen consumer spending, potentially impacting the broader market.
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