U.S. jobs have seen the biggest adjustment since 2009: Fed rate cut vs. 911,000 jobs
Source: CoinWorld
Time: 2025-09-10 01:37:16
The U.S. Department of Labor has lowered 911,000 non-farm jobs in the past year, the largest drop in history, even surpassing the correction during the 2009 financial crisis. Key industries such as leisure, hotels and trade have also seen sharp cuts, indicating that the labor market is weaker than previously reported. The core CPI is still above 3%, and the Fed faces a key choice: whether to cut interest rates to curb the rise in unemployment or to maintain policies to combat inflation. Amid rising economic and political pressures, the market is waiting for the Federal Reserve to cut interest rates by 25 basis points.