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Fed Chair Jerome Powell: ‘Effectively, There’s Zero Net Job Creation in the Private Sector’

‘Very, very low level of job creation’
By Grabien Staff

TRANSCRIPT:

POWELL: “The thing that I think a good number of people on the committee are concerned about is just the very, very low level of job creation. If you — if you adjust what has been the trend job creation over the past, let’s say, six months. If you adjust that for what we think, our staff thinks is the overstatement due to over-counting, effectively, there’s zero net job creation in the private sector.”

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