It was the worst August report since the pandemic and the market treated it accordingly, welcoming it for the potential rate cuts it may herald but wary of the slower growth it may portend. âThe labor market is showing signs of cracking,â Heather Long, Navy Federal Credit Union senior economist, wrote in a note to investors on Thursday. âItâs not a red siren alarm yet, but the signs keep growing that businesses are starting to cut workers.â Recent employment data confirms an...
