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Business Rundown: Weak Jobs Report Reveals "Underlying Weakness In The Economy"

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Manage episode 448358450 series 1591099
Contenuto fornito da FOX News Radio. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da FOX News Radio o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

The August jobs report is in, and the numbers tell us the labor market is cooling off. The 142,000 jobs added not only fell short of economists’ expectations for job growth, but the Labor Department had to revise its reports from June and July, lowering job estimates even further.

Even before this news, it was a rocky week for Wall Street, with tech companies taking hits, including the reliable chip stock, Nvidia. And on the campaign trail, former President Trump shared some of his economic policies, including a government efficiency commission that would be led by Elon Musk.

Fox Business’ Kelly O’Grady spoke with FOX Business White House correspondent about why the slowdown in hiring is a problem for the Fed, why recession fears and big market selloffs persist, and what role Elon Musk might play in a possible second Trump administration.

Photo Credit: AP

Learn more about your ad choices. Visit megaphone.fm/adchoices

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1307 episodi

Artwork
iconCondividi
 
Manage episode 448358450 series 1591099
Contenuto fornito da FOX News Radio. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da FOX News Radio o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

The August jobs report is in, and the numbers tell us the labor market is cooling off. The 142,000 jobs added not only fell short of economists’ expectations for job growth, but the Labor Department had to revise its reports from June and July, lowering job estimates even further.

Even before this news, it was a rocky week for Wall Street, with tech companies taking hits, including the reliable chip stock, Nvidia. And on the campaign trail, former President Trump shared some of his economic policies, including a government efficiency commission that would be led by Elon Musk.

Fox Business’ Kelly O’Grady spoke with FOX Business White House correspondent about why the slowdown in hiring is a problem for the Fed, why recession fears and big market selloffs persist, and what role Elon Musk might play in a possible second Trump administration.

Photo Credit: AP

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1307 episodi

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