Fed’s Bullard says labor market has ‘some room to run’

WASHINGTON (Reuters) – The U.S. labor market is not yet near the point of getting too tight as unemployed people are still being attracted off the sidelines and into jobs, St. Louis Fed President James Bullard said on Wednesday.

“We’ve got some room to run on that if you’re worried about the labor market overheating,” Bullard said following a speech given to an audience of financial analysts in Chicago.

“So I am modifying my views again a little bit about labor force participation,” he added. “I do think when you get a very good labor market like we have today you do get people to rethink their labor force participation decision.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.