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What is the latest in the US economy?

Asked 10 hours ago

Answer

Recent data shows the US job market is weaker than previously reported, with nearly a million fewer jobs added over the past year. Unemployment has risen, job seekers' outlook is at a record low, and inflation expectations remain above the Fed's target. The Federal Reserve faces pressure to cut interest rates.

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CBS America

Will the Fed cut interest rates by half a point?

CBS America · New
CBS America
CBS America
New
  • Revised data shows nearly a million fewer jobs were added than previously reported.
  • This is the largest annual jobs revision on record, spanning two administrations. 48s
  • The slowdown in the job market has been ongoing for over a year and a half. 1m 12s
  • Markets have not reacted strongly as the economy has avoided recession. 1m 30s
  • The Federal Reserve faces increased pressure to consider a larger rate cut. 1m 56s
FinanceBanking & LoansEconomy

References

Will the Fed cut interest rates by half a point?
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CBS America
11 hours ago
Will the Fed cut interest rates by half a point?

The slowdown in the job market has been ongoing for over a year and a half, with the largest downward revision on record.

U.S. jobs growth revised down by 911,000
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CBS America
17 hours ago
U.S. jobs growth revised down by 911,000

Job growth was revised down by 911,000 for the year prior to March 2025, indicating a weaker labor market than previously thought.

NY Fed Survey finds the outlook for job seekers hit record low
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CNBC
2 days ago
NY Fed Survey finds the outlook for job seekers hit record low

The probability of finding a job fell to the lowest level since 2013, and mean unemployment expectations are rising.

Trump hits the links amid economic slowdown concerns
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CBS News
3 days ago
Trump hits the links amid economic slowdown concerns

The US economy added only 22,000 jobs in August, with unemployment rising to 4.3%, the highest in four years.

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