Federal Reserve Meeting Minutes: Some participants noted that signs of weakness in the labor market still exist

The Federal Reserve meeting minutes show that participants believe the labor market conditions are stable and supply and demand are balanced. Some participants pointed out that signs of weakness in the labor market still exist, including low employment rates and high long-term unemployment rates.

The demand for technical workers in AI-related industries is strong, and wages have risen significantly. Overall nominal wage growth is moderate, but there are upward risks for future wage growth.