Weak July Jobs Data Keeps Fed On Hold Bets, Hikes Not Ruled Out
TL;DR Summary
A weaker-than-expected July payrolls report shows a 23,000 decline in jobs (vs. +80,000 expected) with May–June revisions downward, while the unemployment rate ticked down to 4.1% as participation fell. Analysts say the data supports a pause in rate hikes but leaves the door open for a September move if inflation remains hotter than forecast, making Fed officials wary of a too-rosy labor market as inflation data next week looms.
Topics:business#economy#fed-policy#inflation#jobs-report#labor-force-participation#unemployment-rate
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- Labor Market Shifts Into Reverse as Employers Balk at Hiring The New York Times
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