Published 6 months ago

Underwhelming jobs report: Is a recession looming?

Summary by NewsNation

(NewsNation) — Stocks took a nosedive Friday after a weak jobs report triggered a reliable recession indicator known as the Sahm Rule, raising fears the economy is headed for a downturn. Friday's report from the Labor Department showed hiring fell sharply in July, with employers adding just 114,000 jobs — 35% fewer than expected. The unemployment rate ticked up for the fourth consecutive month and now stands at 4.3%, the highest since October 2…

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Underwhelming jobs report: Is a recession looming?

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