Labor Market Flashback: Act II A Weak Snapshot in July On August 1, 2025, the Bureau of Labor Statistics released July data showing a meager 73,000 jobs added, well below economists’ forecasts. The unemployment rate ticked up to 4.2%, barely budging from June, and remaining within a narrow 4.0–4.2% corridor since May 2024. Brutal Revisions Hit Like a Hammer May and June were drastically revised downward—collectively shedding 258,000 jobs from previous tallies. Goldman Sachs now argues hiring is near “stall speed,” paving the way for potential Fed rate cuts starting in September. The Fed Debate: Cut or Not to Cut? Markets price in about a 90% chance of a September rate cut, but not all experts agree. Some warn that…
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