Uncertainty clouds US labour market: NY Fed’s Dudley
William Dudley, the president of the New York Federal Reserve, on Friday said that although evidence suggested growth in the US was improving, evidence of a recovery in the labour market was uncertain.
At an event in San Juan, Puerto Rico, Dudley said: "With respect to the labour market, we have seen some conflicting signals. On one hand, the unemployment rate has fallen sharply over the past four months, dropping to 8.8% from 9.8% in November. On the other hand, payroll employment gains have
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