US Job Growth Trends Ahead of Federal Reserve Meeting

Reported about 22 hours ago

In August, US employers showed limited interest in hiring, with forecasts suggesting only 75,000 new jobs were added and the unemployment rate possibly rising to 4.3%. This marks the weakest job growth period since the pandemic began, raising concerns about a subdued labor market. The upcoming jobs report will be crucial for the Federal Reserve's decision-making as some officials advocate for a potential interest rate cut despite rising inflation and falling participation rates.

Source: YAHOO

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