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Weak Non-Farm Payrolls Confirm Softening Job Market, Setting Stage for Fed Rate Cut This Month

Summary: Breaking news: US August job growth significantly slowed down, with unemployment rate rising to 4.3%, confirming a softening job market and laying the foundation for a Fed rate cut this month. The US Department of Labor's Bureau of Labor Statistics released a job report on Friday showing that non-farm payrolls only increased by 22,000 in ...

Breaking news: US August job growth significantly slowed down, with unemployment rate rising to 4.3%, confirming a softening job market and laying the foundation for a Fed rate cut this month. The US Department of Labor's Bureau of Labor Statistics released a job report on Friday showing that non-farm payrolls only increased by 22,000 in August, below the expected 75,000 increase, while July's non-farm payrolls were revised up to an increase of 79,000.

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