Jobs report reveals cooling labor market and ‘uneven economy,’ analyst says
Summary
The latest jobs report shows that the U.S. job market is slowing down, with unemployment reaching its highest point in four years. However, the report also notes a positive increase of 64,000 new jobs last month.Key Facts
- Unemployment in the U.S. has risen to its highest level in four years.
- Last month, 64,000 new jobs were added to the economy.
- The jobs report was delayed because of a six-week government shutdown.
- Geoff Bennett talked about the report with David Wessel from the Brookings Institution.
- The report highlights signs of a cooling labor market, meaning the job market is not growing as fast as before.
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