What August jobs data could mean for job seekers, Fed
99,000 private payroll jobs were added to the US labor market in August, according to ADP, well below original forecasts of 145,000 jobs. The US Bureau of Labor Statistics is scheduled to release its non-farm payroll jobs report for August tomorrow.
The Catalysts team welcomes Yahoo Finance senior reporter Josh Schafer to decipher what the labor data infers about US workers, whether they are seeking a new job amid slowing wage growth, and what the data could mean for the Federal Reserve’s plans to initiate interest rate cuts.
For more expert insight and the latest market action, click here to watch this full episode of Catalysts.
This post was written by Luke Carberry Mogan.
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