This week’s job market data raises alarms about a slowing economy. With unemployment hitting a high and layoffs surging, seasoned analysts warn of potential market turmoil ahead.
In August, the US job market showed little improvement, with only 75,000 jobs added and the unemployment rate expected to rise to 4.3%. This marks a concerning trend of sub-100,000 payroll growth for four consecutive months, the worst since 2020.
Donald Trump's nomination of E.J. Antoni as BLS commissioner raises alarms among economists. Critics from both sides question his qualifications and the potential politicization of vital economic data. Could this decision undermine public trust in job market statistics?
