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Last week’s disappointing jobs report showed U.S. job growth stalled significantly in August, with just 22,000 new jobs added, and an unemployment rate that has risen to 4.3%.
It was the worst August report since the pandemic and the market treated it accordingly, welcoming it for the potential rate cuts it may herald but wary of the slower growth it may portend.
“The labor market is showing signs of cracking,” Heather Long, Navy Federal Credit Union senior economist, wrote in a note to…
