Sluggish US jobs report clears the way for interest rate cut
WORLD NEWS IN BRIEF
Hiring by America's employers picked up a bit in August from July's tepid pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy.
Employers added a modest 142,000 jobs, up from a scant 89,000 in July, the
"The labor market is weakening," said
The cooling jobs figures underscore why the
In a major speech last month, Chair
For now, companies are posting fewer job openings and adding fewer workers, while Americans are far less likely to quit their jobs now than they were soon after the economy rebounded from the pandemic. In a strong job market, workers are more likely to quit, usually for higher-paying opportunities. With quits declining, it means fewer jobs are opening up for people out of work.
A slower pace of hiring is often a precursor to layoffs - one reason why the Fed's policymakers are now more focused on sustaining the health of the job market than on continuing to fight inflation.
At the same time, consumer spending, the principal driver of economic growth in
JENIN REFUGEE CAMP,
Israeli forces appear to withdraw from a
Israeli forces appeared to have withdrawn from three refugee camps in the occupied
Overnight, Israeli armored personnel carriers were seen leaving the Jenin refugee camp from a checkpoint set up on one of the main roads, and an
During the operation, Israeli military officials said they were targeting militants in Jenin, Tulkarem and the Al-Faraa refugee camps in an attempt to curb recent attacks against Israeli civilians they say have become more sophisticated and deadly.
Troops were pulled out of the Tulkarem camp by Friday morning and had left Al-Faraa earlier, but in a statement the Israeli military suggested the operation was not yet over.
Harris raised
Vice President
Trump's team had announced Wednesday he brought in
The massive Harris war chest is being used to fund a
Harris' fundraising builds on the
"In just a short time, Vice President Harris' candidacy has galvanized a history-making, broad and diverse coalition - with the type of enthusiasm, energy and grit that wins close elections," Harris campaign manager
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That time the Fed bowed to political pressure before an election
Stock watchers pin hopes on larger Fed rate cut as jobs cool
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