Reported 1 day ago
The August jobs report showed the economy added only 22,000 jobs, falling short of expectations and pushing the unemployment rate up to 4.3%. This marks a definitive slowdown in job growth, with revisions to prior months indicating further decline. While traditionally, weak job numbers could lead to rate cuts by the Federal Reserve to stimulate growth, this expectation is now already priced into the market. Investors are becoming cautious as they recognize that bad economic news might not trigger the hoped-for recovery, leading to fears of a prolonged downturn.
Source: YAHOO