U.S. Adds Just 22,000 Jobs: Unemployment Rises, Fed Rate Cuts Ahead?

The August jobs report shows the U.S. economy added just 22,000 jobs, far below expectations, while the unemployment rate rose to 4.3%, the highest since 2017 outside the pandemic.

In this episode, Kathy Fettke breaks down the latest data from the Bureau of Labor Statistics, including which industries are adding jobs, where losses are showing up, and why long-term unemployment is on the rise. You'll also hear how markets reacted, with Treasury yields dropping, mortgage rates hitting new yearly lows, and investors betting on a Federal Reserve rate cut in September.

For real estate investors, Kathy explains how falling mortgage rates could open refinancing and buying opportunities, while a weaker labor market may signal challenges ahead for rental demand and consumer confidence.

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