Fed minutes say labor market is stable, but weak spots remain

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.