Fed’s Goolsbee says job data show labor market is cooling to sustainable pace

Recent data show the U.S. labor market is still strong but has been weakening, said Chicago Fed President Austan Goolsbee, on Friday.

In a CNBC interview shortly after the U.S. Labor Department reported that the economy added 209,000 jobs in June, Goolsbee said that he didn’t want make too much of one month’s data.

See: U.S. adds just 209,000…