Fed's Goolsbee says labour market still broadly stable despite weak September payrolls

Chicago Fed President Austan Goolsbee, a 2026 non-voter on the FOMC, said the labour market still looks broadly stable after September added only 29,000 jobs, noting 485,000 people re-entered the workforce and unemployment rose to 4.2% from 4.1%, which he said does not signal mass layoffs.

Detected & updated continuously · Source: Nebula