The US’ weaker-than-expected jobs report on Friday may not be cause for panic yet, analysts suggested.
The report showed the US lost 23,000 jobs instead of adding the 83,000 jobs economists had predicted.
But experts pointed to the unemployment rate, which has fallen from 4.4% to 4.1% this year, suggesting a stable labor market.
As immigration slows and Americans retire, the workforce is shrinking, meaning fewer jobs may be needed to keep unemployment low.
Still, the economic picture could pose a political problem for Republicans in the midterms: Consumer confidence and wage growth remain low, people are leaving the labor force, and the personal savings rate has fallen.
