The Wall Street Journal's front page reports, the paper focuses on the potential crisis in the U.S. economy.
Stagnant hiring is a growing concern in the U.S. economy.
Although employers are retaining employees, a fragile job market remains a focus for the Federal Reserve.
The job market has become a focal point for the Federal Reserve, highlighting its fragility and risks to the economy.
Good news is that the unemployment rate remains low, and employers are not very interested in laying off workers. The bad news is that companies are also not very interested in hiring. This unstable situation means that even a small increase in layoffs could lead to a reduction in jobs in the economy - and once this process starts, it is difficult to reverse.
The concern about this possibility has become a major issue at the Federal Reserve, especially after the revised July employment report showed that job growth in recent months has been much weaker than previously thought. This is why, despite inflation being higher than the Federal Reserve's 2% target, Federal Reserve Chair Jerome Powell said on Friday that central bank policymakers may consider cutting interest rates when they meet in September. Powell described the labor market environment as "unusual," and the shrinking job market has severely impacted national economic growth.
Original: www.toutiao.com/article/1841473191770124/
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