Today's Jobs Report - The jobs numbers today were awful and have been so for the last 4 months. It is becoming evident that blame can no longer be tossed on immigration, tariffs, inflation, healthcare and foreign wars.
The Federal Reserve Bank must lower interest rates during their meeting on September 17. Lowering rates will encourage corporate spending (cost of $$$ is less), resulting in many positive factors, including creating of jobs that have been placed on "idle". If the FED does not provide impetus, we are looking at a prolonged flat job market, a recession and business closing.
My opinion does not eliminate the other issues mentioned above. These are issues that do affect the job market but the time has come for stimulation, not continued retraction.
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