Episode Details

Job growth in the U.S. is cooling faster than expected, with July seeing a surprise drop of 23,000 jobs — and revisions for May and June show even weaker gains. While unemployment dipped slightly to 3.6%, it’s partly due to fewer people actively seeking work, signaling growing labor market discouragement. The Fed, already hiking rates to fight inflation, may now reconsider its pace as hiring slows across sectors — hinting at a potential economic shift ahead.

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