Jobs Plunge as Fed Holds Rates | Panama City Beach News

The latest jobs report shocked economists—July saw a loss of 23,000 jobs instead of the expected 83,000 gains, sparking concern as revisions to prior months reveal over 100,000 fewer jobs added than initially reported. With inflation still stubborn and midterm elections looming, the sluggish labor market is becoming a political liability. Meanwhile, the Fed holds rates steady for the fifth straight time, signaling caution as GDP growth slows—hinting at deeper economic uncertainty ahead. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/81e7e14a49c8964a