US Economy Shows Essential No Job Growth Last Month: Moody’s Alert

The U.S. economy experienced essentially no job growth last month, according to Moody’s Analytics chief economist Mark Zandi. The lack of new jobs is attributed in part to the recent government shutdown, which delayed the release of the Bureau of Labor Statistics’ September jobs report. This pause in job creation signals a slowdown in the labor market, raising concerns about the economy’s resilience amid rising inflation and ongoing monetary tightening by the Federal Reserve.

Zandi’s warning underscores growing uncertainty about economic momentum as the labor market cools from its previously robust pace. While unemployment rates remain low, the stagnation in job growth suggests employers may be hesitant to add new workers amid persistent economic headwinds. This development could influence future policy decisions and impact consumer confidence heading into the final months of the year.

Why It Matters: The slowdown in U.S. job growth highlights the fragile state of the economy as it faces inflation pressures and tighter monetary policy. For American workers and policymakers, this signals a potential shift toward a more cautious labor market environment, which could affect wage growth, spending, and overall economic stability.

Source: Original Article on Fox Business