New York, Sept 5, 2025 (AFP) - US jobs data boosts rate cut hopes but stocks slide

NAMPA / AFP

2025-09-06

Weak US jobs data cemented expectations of an interest rate cut later this month on Friday, but stocks slid on worries about the economic outlook and profit-taking. Wall Street's three main indices opened in positive territory after official data showed the US economy added 22,000 jobs last month, down from July's 79,000 figure. But then they quickly turned lower. Analysts had expected the figures to confirm a cooled labor market as companies pul......

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