ChainCatcher reported that the Federal Reserve minutes showed participants viewed labor market conditions as stable and supply and demand as broadly balanced. Some participants, however, said signs of weakness were still present, including low employment rates and high long-term unemployment. The minutes also noted strong demand for skilled workers in AI-related industries, where wages have risen sharply. Overall nominal wage growth was described as moderate, although the minutes flagged upside risks to future wage growth.
ChainCatcher reported that the Federal Reserve minutes showed participants viewed labor market conditions as stable, with supply and demand broadly balanced.
Some participants also said signs of weakness were still present, including low employment rates and high long-term unemployment.
The minutes added that AI-related industries are seeing strong demand for skilled workers and sharp wage increases. Overall nominal wage growth was described as moderate, but the minutes said there are upside risks to wage growth ahead.
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