a possible indicator of softening labor demand. The federal government shed 10,000 jobs in the month — a preview of larger losses not yet showing up in the data. Global outplacement firm ...
In the wake of the data, Fed officials have called the labor market "solid." Many economists agreed. "The bottom line is that there is no evidence of major cracks forming in the labor market ...
There's more data to come between now and September, including the August jobs report. Nobody should be losing a ton of sleep over the state of the labor market or over the economy overall.