Weekly Economic Snapshot: Labor Market Weakness

The U.S. labor market continued to show signs of cooling, with all major labor indicators pointing to a softening trend and a weak hiring environment. This data collectively pushed the odds of a Fed rate cut at the next meeting to 100%, with debate shifting to the size of the cut itself. In response, the S&P 500 retreated from its latest record high, and Treasuries tumbled to their lowest level in months. Employment Report The August employment report showed that 22,000 jobs were added last month, falling ...