job market – One America News Network

NEW YORK, NEW YORK - MARCH 10: A person shops for groceries at Lincoln Market on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn borough in New York City.The Labor Department reported that consumer inflation rose 7.9% over the past year, the largest rise since 1982, raising the prices of gas and consumer goods. Grocery costs rose to 8.6%, the biggest year-over-year increase since 1981, and gas prices increased 38% all within a 12 month period ending in February. (Photo by Michael M. Santiago/Getty Images)

Report: Inflation Rises 2.5% In August, Lowering Hopes For Big Rate Cut From Fed

Inflation rose once again in the month of August, causing stir from an outsize rate cut from the Federal Reserve when it meets next week.

The Marriner S. Eccles Federal Reserve Board building is seen in Washington, DC, March 16, 2022. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Fed rate-cut size this month to hinge on job market health

Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month.

Federal Reserve Chair Jerome Powell heads into the opening dinner at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming on August 22, 2024. REUTERS/Ann Saphir/File Photo

Fed’s Powell says ‘time has come’ to lower interest rates

Federal Reserve Chair Jerome Powell offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome.

SAN FRANCISCO, CA - NOVEMBER 09: Job seekers wait in line to enter the San Francisco Hire Event job fair on November 9, 2011 in San Francisco, California. The national unemployment rate dipped this past month to 9 percent in October after employers added 80,000 jobs. (Photo by Justin Sullivan/Getty Images)

Report: U.S. Job Market Weakens In June

The economy grew via the addition of 206,000 jobs in June, but unemployment was still above 4% in the same month, according to the Labor Department on Friday.