Fed Governor Waller backs interest rate cut at September meeting
Waller on Friday backed an interest rate cut at the upcoming policy meeting, noting the importance of supporting a weakening jobs picture.
August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
Nonfarm payrolls were expected to expand by 161,000 in August while the unemployment rate fell to 4.2%.
Friday’s jobs report for August is going to be huge. Here’s what to expect
The Wall Street consensus is for nonfarm payrolls growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%.
August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says
The total was less than the downwardly revised 111,000 in July and below the Dow Jones consensus forecast for 140,000.
Layoffs jump in August while hiring in 2024 is at a historic low, Challenger report shows
Announced job cuts totaled 75,891 for the month, lurching 193% higher than July.
Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting
Bostic signaled that he is ready to start lowering rates even though inflation is still running above the Fed's target.
Job openings fell more than expected in July in another sign of labor market softening
The closely watched Job Openings and Labor Turnover Survey showed that available positions fell to 7.67 million on the month.
Weak manufacturing measures raise specter of U.S. economic slowdown
The ISM monthly survey of purchasing managers showed that just 47.2% reported expansion in August.