Last week's jobs numbers confirm the U.S. labor market remains strong even though it may be slowing, with a 4.1% unemployment rate around what is considered full employment and employers adding jobs faster than what is needed to account for population growth,

Federal Reserve Bank of Atlanta President Raphael Bostic said the US central bank must balance competing risks as it considers how quickly it will continue to lower interest rates in the coming months.

The U.S. labor market is "slowing, but now slow," Federal Reserve Bank of Atlanta President Raphael Bostic said on Tuesday, with monthly job creation still above what is required to account for overall population growth.

The U.S. jobs market has started to cool but remains resilient and the Federal Reserve is keen to avoid a drastic weakening of the labor market, Fed Governor Adriana Kugler said in Frankfurt on Tuesday.