US Job Market Weakens Amidst Stagflation Concerns and Tariff Impact
TL;DR Summary
A weak July jobs report and revisions in previous months' data suggest the onset of stagflation, driven by tariffs and trade uncertainty, rather than a recession. The report has increased expectations of a Federal Reserve rate cut in September, amid rising inflation and slow hiring, with market volatility expected as the economy faces these challenges.
- A Weak Jobs Report Signals Stagflation. Blame Tariffs. Barron's
- U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower CNBC
- Charting the Global Economy: US Job Market Wavers in Cue for Fed Bloomberg.com
- US labor market cracks widen as job growth hits stall speed Reuters
- Cooling Job Market Opens Door to September Cut Despite Inflation Jitters The Wall Street Journal
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