A post by @FirstSquawk on X.
BARKIN SAYS THE LAST JOB REPORT WAS HEALTHY BUT HE STILL SEES FIRMS IN A LOW-HIRE, LOW-FIRE ENVIRONMENT, AND THAT HE DOES NOT THINK BALLOT MEASURES APPROVED IN RECENT ELECTIONS WILL IMPEDE DATA CENTER EXPANSION, AS FIRMS WILL FIND SOMEWHERE…
@FirstSquawk on X
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Richmond Fed President Thomas Barkin said the latest jobs report was healthy while characterizing the labor market as a low-hire, low-fire environment. He added that recent ballot measures approved in elections should not impede data center expansion, as firms will find somewhere to build. The remarks suggest policymakers see underlying labor demand as intact even as hiring stays subdued. They also signal that local political pushback is unlikely to derail the data center buildout underpinning AI-related investment. Watch for further Fed commentary on labor conditions and for how state and local siting decisions affect data center construction plans.
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Barkin, Federal Reserve