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Business Rundown: Weak Jobs Report Reveals "Underlying Weakness In The Economy"

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Manage episode 438556631 series 1763136
Content provided by FOX News Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by FOX News Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The August jobs report is in, and the numbers tell us the labor market is cooling off. The 142,000 jobs added not only fell short of economists’ expectations for job growth, but the Labor Department had to revise its reports from June and July, lowering job estimates even further.

Even before this news, it was a rocky week for Wall Street, with tech companies taking hits, including the reliable chip stock, Nvidia. And on the campaign trail, former President Trump shared some of his economic policies, including a government efficiency commission that would be led by Elon Musk.

Fox Business’ Kelly O’Grady spoke with FOX Business White House correspondent about why the slowdown in hiring is a problem for the Fed, why recession fears and big market selloffs persist, and what role Elon Musk might play in a possible second Trump administration.

Photo Credit: AP

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3735 episodes

Artwork
iconShare
 
Manage episode 438556631 series 1763136
Content provided by FOX News Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by FOX News Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The August jobs report is in, and the numbers tell us the labor market is cooling off. The 142,000 jobs added not only fell short of economists’ expectations for job growth, but the Labor Department had to revise its reports from June and July, lowering job estimates even further.

Even before this news, it was a rocky week for Wall Street, with tech companies taking hits, including the reliable chip stock, Nvidia. And on the campaign trail, former President Trump shared some of his economic policies, including a government efficiency commission that would be led by Elon Musk.

Fox Business’ Kelly O’Grady spoke with FOX Business White House correspondent about why the slowdown in hiring is a problem for the Fed, why recession fears and big market selloffs persist, and what role Elon Musk might play in a possible second Trump administration.

Photo Credit: AP

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3735 episodes

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