U.S. Treasury Secretary Janet Yellen kept an optimistic outlook on the labor market, stating that it is at a "healthy" state. Yellen's statement came as the recent data showed that the U.S. job market was weakening.
The unemployment rate in July increased up to 4.3% from a 4.1% in June. The data was touted to have been contributory to the market sell-off, which occurred at the early weeks of August. For Yellen, a former Fed chair, the rate was still low, Business Insider noted.
