"There is breaking news as we come on the air. We are just under a minute from the closing bell on Wall Street. Right now, the Dow down around half a point. The S&P down about 4/10 of a point. And of course, the tech heavy Nasdaq seems to be faring a little bit better today down just about 1/10 of a point. This slide coming in the wake of a brutal jobs report indicating that President Trump's policies appear to be weakening"
"Just 22,000 jobs were added in August that caused the unemployment rate to rise for the first time in nearly four years. The jobless rate, 4.3 percent, is now the highest it's been since 2021. You may remember what was happening back then. Manufacturing jobs fell for the fourth straight month, which means America has lost 78,000 manufacturing jobs so far this year."
Just 22,000 jobs were added in August, far below expectations of roughly four times that amount. The unemployment rate rose to 4.3 percent, the highest level since 2021. Manufacturing employment declined for the fourth consecutive month, with 78,000 manufacturing jobs lost so far this year. Markets weakened at the closing bell, with modest declines in the Dow and S&P and the Nasdaq slightly down. The report was the first jobs report since the president fired the last Bureau of Labor Statistics commissioner. Business commentators called the figures brutal and said the numbers suggest President Trump's policies are weakening U.S. economic performance.
Read at www.mediaite.com
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