Federal Reserve Governor Milan noted that the recent ADP data is a positive development, indicating that employment trends in the United States remain consistent with pre-shutdown levels. Milan highlighted the encouraging nature of the latest employment figures, suggesting they reflect a stable job market. He emphasized that the trends observed before the shutdown continue to show resilience and stability. This perspective underscores the Federal Reserve’s ongoing assessment of economic indicators as they navigate post-pandemic recovery. Milan’s remarks suggest that the labor market is holding steady, which could influence future monetary policy discussions.
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