Janet Yellen Predicts 'Soft Landing' For US Economy Despite Job Growth Concerns: 'We're Not Seeing Meaningful Layoffs'

Amid concerns over the U.S. labor market, Treasury Secretary Janet Yellen has reassured the public about the economy’s resilience, despite recent weak job reports.

What Happened: Yellen assured the public of the U.S. economy’s strength, despite recent weak job reports. Speaking at the Texas Tribune Festival in Austin, Yellen said, “We’re seeing less frenzy in terms of hiring and job openings, but we’re not seeing meaningful layoffs,” reported CNBC on Saturday.