50 Basis Point Cut Coming? US Economy Adds Only 22k Jobs In August, Unemployment Rate Rises To 4.3% (Guns Of August Misfires)

Not exactly the Guns Of August. More like a wet cap gun firing. The jobs report for August showed only 22k jobs added. U-3 unemployment rate rose to 4.3%. Total private jobs added was 38k while manufacturing jobs added was down -12k. Government jobs dropped -16k. Let’s see if The Fed drops the hammer on rates by 50 basis points.