Last week’s disappointing jobs report showed U.S. job growth stalled significantly in August, with just 22,000 new jobs added, and an unemployment rate that has risen to 4.3%.

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.

“The labor market is showing signs of cracking,” Heather Long, Navy Federal Credit Union senior economist, wrote in a note to investors on Thursday. “It’s not a red siren alarm yet, but the signs keep growing that businesses are starting to cut workers.”

Tech was not spared

Recent employment data confirms an increasingly uneven landscape within the technology sector, reflecting a shift away from the rapid job growth that chara

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