Weak July Jobs Data Keeps Fed On Hold Bets, Hikes Not Ruled Out
TL;DR
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:businesseconomy#economy#fed-policy#inflation#jobs-report#labor-force-participation#unemployment-rate
- Weak July jobs report helps case for Fed to hold rates but doesn't take hikes off the table Yahoo Finance
- U.S. Lost 23,000 Jobs in July, While Unemployment Ticked Lower WSJ
- One of the job market's biggest engines is stalling Business Insider
- U.S. stocks jump as employers unexpectedly cut 23,000 jobs, raising hopes for easier rate policy NBC New York
- Labor Market Shifts Into Reverse as Employers Balk at Hiring The New York Times
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