Research Brief: Employment – September 2025
Labor market weakens. Sluggish on boarding persisted in August, with nonfarm payrolls rising by only 22,000 positions as the unemployment rate edged up to 4.3 percent. The softening employment market has reinforced expectations of a rate cut by the Federal Reserve at its next meeting and put downward pressure on the 10-year Treasury. More accommodative monetary policy may provide modest relief for…