on Thursday, which came in at 216,000, below the previously expected 230,000. The figures came after recent mixed labor market data, with the August jobs report published last week showing that nonfarm payrolls increased by more than expected, whilst the unemployment rate rose sharply.
Cooling the labor market has been a key aim for the Federal Reserve alongside easing inflation. The central bank has followed a restrictive monetary policy approach since early 2022, which has included a series of interest rate hikes. The prospect of rates going higher still or staying elevated for longer has long raised concerns about a potential economic downturn and the impact that could have on businesses and consumers.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCDFW - 🏆 288. / 63 Read more »
Source: NBCNewYork - 🏆 270. / 63 Read more »