Fed’s Bullard: Very tight labor market no matter how you cut it
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St. Louis Federal Reserve Bank President James Bullard noted on Thursday that the weekly Jobless Claims reported earlier was a “super low number,” as reported by Reuters.
US: Weekly Initial Jobless Claims drop to 193K vs. 215K expected.
“The labor market is very tight no matter how you cut it.,” Bullard added. “I have a hard time seeing the unemployment rate going up that much with so many job openings.”
These comments don’t seem to be having a noticeable impact on the dollar’s performance against its rivals. As of writing, the US Dollar Index was up only 0.08% on the day at 112.80.
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