labor

Spacek envisioned a tribunal of life-tenured judges, funded by professional assessments, open to arguments from auditors, corporations, regulators, labor unions, and consumer groups.

The labor market is a concern, with the unemployment rate rising to 4.3% in August and job growth concentrated in healthcare.

Recent jobs data suggest the labor market is weakening.

Given that “momentum in the labor market is to the downside,” it makes sense for the Fed to continue cutting interest rates along the lines that the central bank projected last month, she said.

The labor market is softening modestly but remains far from signaling broad economic stress.