Powell: Despite slowing job growth, the job market remains solid

In his speech, Federal Reserve Chairperson Jerome Powell said the job market remained solid in terms of measures such as the quit rate, the number of job openings and the unemployment rate. He noted that while the pace of job creation has slowed, the growth in the labor supply has also slowed. Market analysts said that while he did not specifically mention it, it was widely believed to be related to the decline in immigration.