Try GOLD - Free
Stocks dip over concerns about job numbers
Los Angeles Times
|September 06, 2025
Stocks wobbled lower on Friday as Wall Street questioned whether the U.S. job market has slowed by just enough to get the Federal Reserve to cut interest rates to help the economy, or by so much that a downturn may be on the way.
THE CONSTRUCTION industry reportedly lost 7,000 jobs in August. The U.S. added only 22,000 jobs.
After rising to an early gain, the S&P 500 erased it and fell 0.3% below the all-time high it set the day before. The Dow Jones industrial average dropped 220 points, or 0.5%, after swinging between an early gain of nearly 150 points and a loss of 400. The Nasdaq composite edged down by less than 0.1%.
The action was more decisive in the bond market, where Treasury yields tumbled after a report from the Labor Department said U.S. employers hired fewer workers in August than economists expected. The government also said that earlier estimates for June and July overstated hiring by 21,000 jobs.
This story is from the September 06, 2025 edition of Los Angeles Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Los Angeles Times
Los Angeles Times
Paramount sheds 1,600 more workers as Ellison's team digs in
Tech scion David Ellison marked his 96th day running Paramount by disclosing an upbeat financial outlook for next year and a plan to reduce an additional 1,600 workers.
3 mins
November 12, 2025
Los Angeles Times
A facade at national parks?
Camps and bathrooms stayed open, but behind the scenes, conservation and research services ended during shutdown
5 mins
November 12, 2025
Los Angeles Times
New visa rules may bar obese people
Medical conditions can be reason to reject overseas applicants, White House says.
3 mins
November 12, 2025
Los Angeles Times
INSIDE THE SEARCH FOR MELODEE
As details emerge in the missing girl's case, her relatives are frantic for answers
5 mins
November 12, 2025
Los Angeles Times
McIlroy's legacy is secure, but he's not ready to lay up
Desire to win drives Masters winner, and he has goals, including perhaps ’28 Olympics.
4 mins
November 12, 2025
Los Angeles Times
'THE HUNGER GAMES' TAKES CENTER STAGE
The play, which adapts the first novel and film, opens at a theater designed as an interactive arena to amplify its brutality
8 mins
November 12, 2025
Los Angeles Times
LAPD's spending irritates council
L.A.'s elected leaders took a dramatic step to cut police spending this year, chopping in half the number of officers that Mayor Karen Bass had been hoping to hire.
3 mins
November 12, 2025
Los Angeles Times
California could be hit with days of heavy rain
A fast-moving atmospheric river is heading toward California this week and could pack a punch, threatening periods of heavy rain and possible flooding and debris flows in recently burned areas.
5 mins
November 12, 2025
Los Angeles Times
Harden’s triple-double just not enough
The reeling Clippers lose fifth in a row as Hawks pull away in the final five minutes.
1 mins
November 12, 2025
Los Angeles Times
Novartis opens new manufacturing plant in Carlsbad
Swiss drugmaker Novartis opened a new 10,000-square-foot manufacturing facility in Carlsbad to make cancer drugs, as part of its promised $23-billion investment push to build out its domestic U.S. facilities over the next five years.
1 mins
November 12, 2025
Listen
Translate
Change font size