Labor market is not in 'a worry zone' just yet, expert says

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Maria Flynn News

The Federal Reserve

August's jobs data and unemployment rate, both due out Friday morning, will be pivotal pieces of data for the Federal Reserve as officials have been setting ...

, will be pivotal pieces of data for the Federal Reserve as officials have been setting the stage for interest rate cuts at their September policy meeting."We saw in July was that the national unemployment rate went up a bit to 4.3%. So the highest that it had been in three years, but I think what's important to remember is that 4.3% is still a low number, especially if we think back to full employment being 5%," Flynn tells Yahoo Finance.

Britain appointed former Prime Minister Tony Blair's chief of staff on Friday to negotiate ownership of the Chagos Islands in the Indian Ocean, which are home to a major U.S. military base, and which Mauritius is seeking to reclaim. Britain, which has controlled the region since 1814, detached the Chagos islands in 1965 from Mauritius - a former colony that became independent three years later - to create the British Indian Ocean Territory.

SAN FRANCISCO, September 06, 2024--Agree, an all-in-one agreements platform that seamlessly integrates money movement, has announced a $3M pre-seed round. The round was led by Better Tomorrow Ventures with participation from 8-Bit Capital, Everywhere Ventures, Expedite Ventures, Firsthand Alliance, Hustle Fund, NEA, Singh Capital Partners, and Trust Fund.

 

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Labor market revisions hit those watching labor revisions hardest: Morning BriefData from the US government published Wednesday offered new insight into why those in the tech world are so downbeat about the job market right now.
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