Central Banks
Fed Sees Soft Landing as Silver Lining of Temp Jobs Decline
- Brainard, Waller cite drop in making case for soft landing
- Changes in temporary jobs presage broader labor market trends
A worker loads carts of dinnerware at a factory in West Virginia.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
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The recent decline in temporary jobs — often a harbinger of recession — is actually raising hopes among Federal Reserve policymakers that their bid for a soft landing is working.