From Investing.com: 2024-09-14 04:18:00

The August jobs report revealed a cooling labor market, with job creation slowing significantly in key sectors like manufacturing and retail. Full-time employment is crucial for economic growth, but the U.S. has lost over 1 million full-time jobs since 2023, impacting consumer spending and corporate earnings. As companies face declining revenues, cost-cutting measures like layoffs and automation are on the rise, leading to weaker earnings and potential stock price declines. Investors should prepare for a bumpy ride ahead as the labor market weakness ripples through the economy, impacting stock prices and market volatility.



Read more at Investing.com: Lingering Labor Market Lags Still to Ripple Through the Economy