- Fed Chair Warsh said labor conditions are 'quite positive' at Oct. 28 press conference.
- Long-term unemployed (27+ weeks) rose to 27.1% of unemployed in September from 24.7% in January.
The article highlights sluggish job growth and rising long-term unemployment beneath the Fed's upbeat assessment. October payrolls data on Nov. 6 will be a key test of whether the labor market can withstand further rate hikes.
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