Private payrolls crawled forward—just 9,500 jobs added on average over four weeks through early August. First uptick in seven weeks, but calling this an 'improvement' feels generous.
This is what a labor market losing momentum looks like. Not collapsing, just... cooling. The kind of number that makes you wonder if we're watching the slow-motion version of something bigger.
Employers aren't panicking. But they're not hiring either. That hesitation tells you everything about confidence right now.
This is what a labor market losing momentum looks like. Not collapsing, just... cooling. The kind of number that makes you wonder if we're watching the slow-motion version of something bigger.
Employers aren't panicking. But they're not hiring either. That hesitation tells you everything about confidence right now.