Jobs Data Paints Mixed Picture as Markets Watch for Signs of Cooling
- U.S. employers added 187,000 jobs in August while unemployment ticked up to 3.8%, indicating some slowing in the job market.
- Inflation remains stubbornly high at 3.3% in July based on the Fed's preferred PCE gauge, keeping pressure on the central bank.
- China has implemented targeted measures to revive its struggling stock market, but the broader economy shows signs of persistent weakness.
- Federal Reserve Chair Jerome Powell emphasized the Fed's focus on bringing inflation down to 2% in his Jackson Hole address.
- European business activity contracted in August, with particular weakness in Germany, as high inflation and energy costs take a toll.












































































































































































































































































































































































































































































































































