A Jobs Report Whiff, Climbing Yields, and More Inflationary Pressures Accumulate
October 13, 2021 at 16:52 PM EDT
The U.S. added only 194,000 jobs in September per Friday’s DOL report, far below the expected 500,000. Labor force participation also declined, keeping payrolls well below the pre-covid trend, exacerbating labor shortages, and laying the groundwork for more wage inflation. The disappointing report...
