As the Summer ends the labor market continues to cool off, 142 thousand jobs created in the month of August, less than the expected 160 thousand.
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00:00As the summer ends, the labor market continues to cool off.
00:04142,000 jobs created in the month of August, less than the expected 160,000.
00:10The unemployment rate ticking down to 4.2%
00:14and the July jobs number revised down by 25,000 to just 89,000 jobs created.
00:22Markets did not apparently like what they saw.
00:24The S&P, Nasdaq and Dow all down on the news.
00:28The Federal Reserve still all but guaranteed to cut interest rates
00:32at their next meeting in less than two weeks.
00:35The only question remains is by how much they lower rates.