Today, the Bureau of Labor Statistics released the August jobs report which showed that the U.S. economy added 142,000 jobs and the unemployment rate ticked down to 4.2%. Groundwork Collaborative’s Executive Director Lindsay Owens reacted with the following statement:
“Today’s jobs report confirms that the Federal Reserve is late to the game. Chair Powell needs to get on with it and deliver a sizable rate cut this month or we are going to be staring down an ugly winter.”
Email press@groundworkcollaborative.org to speak with one of Groundwork’s experts about the August jobs report.