The results of Friday’s jobs report showed a labor market in decline but far short of a crisis. The unemployment rate sits at 4.2%, while the U.S. economy added 142,000 jobs – roughly 20,000 fewer than expected.
It’s unclear exactly what the Federal Reserve will make of that when its Federal Open Market Committee convenes in September to decide on the size of its first rate cut. But we’re not seeing signs of panic.
