Hiring in America hit stall-speed in August. Just 22K jobs were created. That was a big miss from the 77K expected. The unemployment rate remains at 4.3%. A weakening labor market has been the driver for a potential Fed interest rate cut. That’s kept the Stock Market buoyant. Job openings fell back in July to the lowest in 10 months. The decline in available jobs was most pronounced in Health Care, Retail and Hospitality. Those last 2 industries are the most economically cyclical. Coming out of Covid, there was an abundance of jobs that could not be filled fast enough. The Health Care job drop, which had previously been a major source of new jobs this year, fell to the lowest level since 2021...
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