Fed's Schmid: There's been a normalization, not a deteriation, of the labor marketFederal Reserve (Fed) Bank of Kansas President Jeffrey Schmid hit newswires late Monday, noting that recent downturns in US data is more likely a normalization of US labor markets after a period of record over-employment and untenably low unemployment rates, rather than an outright deterioration in the overall US labor market.
Source: Fed's Schmid: There's been a normalization, not a deteriation, of the labor market (https://www.fxstreet.com/news/feds-schmid-theres-been-a-normalization-not-a-deteriation-of-the-labor-market-202410212111)