Federal Reserve Bank of Atlanta President Raphael Bostic said the U.S. labor market may now need only 50,000 to 75,000 additional payrolls each month to keep pace with population growth, a level well below the gains seen earlier in the post-pandemic expansion. Speaking in an interview on Thursday, Bostic cautioned that rapid shifts in hiring, demographics and business practices are making economic indicators less stable. As a result, he warned, government agencies and the Fed could face larger and more frequent revisions to headline figures such as nonfarm payrolls and inflation. Bostic added that collecting dependable economic data has become increasingly difficult, complicating the task of policymakers as they gauge underlying momentum and decide on the appropriate path for interest rates.