Reported 2 months ago
The July jobs report released on August 2 fell short of expectations, revealing unexpectedly high unemployment rates and prompting discussions among experts about potential Federal Reserve rate cuts. Key sectors, particularly healthcare, construction, transportation, and warehousing, saw job gains, despite losses in higher-income categories like tech. While some analysts predict rate cuts, others argue the economy remains strong overall, though the market reacted negatively to the report.
Source: YAHOO