US economy is 'settling into' full employment, Goolsbee says

The US economy added fewer jobs than expected in January, while unemployment ticked lower and average hourly earnings grew, according to data released by the Bureau of Labor Statistics. Federal Reserve Bank of Chicago president Austan Goolsbee joins Yahoo Finance Federal Reserve Reporter Jennifer Schonberger and Catalysts co-host Seana Smith on Jobs Day to discuss what the data signals for the Fed. "This was a solid report. It was close to what was expected. The unemployment rate ticked down a little bit, taking all the broad measures together, because we got some question marks on any one of them taking them altogether," Goolsbee says. "To me, it really feels like it shows we're settling into something like full employment, and that's a better spot to be than the one we were at, let's say, six months ago, where unemployment was just creeping up and creeping up." Watch the video above to hear from Goolsbee on tariffs, inflation, and more. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.