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.
August's job growth has plunged, with the unemployment rate hitting 4.3%, raising concerns over the economy's stability. Experts warn of potential recession as labor market conditions worsen amid controversial policies.
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.
The Fed's latest meeting minutes highlight growing concerns over the housing market's decline, signaling potential risks to the economy and jobs. With rising borrowing costs and stagnant sales, could a crash be imminent?
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?
