PANews reported on April 4th that according to Jinshi, Federal Reserve Chairman Powell spoke about the economic outlook, stating that from many indicators, the labor market seems to be largely balanced and is not a major source of inflationary pressure. Today's employment report shows that the unemployment rate in March was 4.2%, still at a low level since the beginning of last year. In the first quarter, employment increased by an average of 150,000 jobs per month. The combination of low layoff rates, slowing employment growth, and labor force growth has kept the unemployment rate basically stable.
