Summary
The job market showed signs of slowing down over the summer, with a weaker than expected jobs report. In August, employers added 22,000 jobs, and revisions showed a loss of 13,000 jobs in June. These figures were discussed by the President of the Chicago Federal Reserve, Austin Goolsbee.
Key Facts
- The labor market slowed down over the summer.
- In August, 22,000 new jobs were added.
- In June, the economy lost 13,000 jobs.
- The June job loss was the first since December 2020.
- Austin Goolsbee, President of the Chicago Federal Reserve, discussed these findings.
