{"id":23819,"date":"2025-09-08T14:46:00","date_gmt":"2025-09-08T14:46:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=23819"},"modified":"2025-09-08T14:46:00","modified_gmt":"2025-09-08T14:46:00","slug":"weak-us-jobs-raise-red-flags-for-recession","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/de-eu\/analysis\/weak-us-jobs-raise-red-flags-for-recession\/","title":{"rendered":"Weak US jobs raise red flags for recession"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Global markets face renewed uncertainty as weak US non-farm payrolls and rising unemployment stoke recession fears, prompting calls for Fed rate cuts while Trump finalises candidates for Fed Chair. Trade tensions intensified with new Russia sanctions, tariff exemptions on metals, and stricter terms for Japan, while OPEC+ raised output.<\/p>\n\n\n\n

<\/p>\n\n\n\n

KEY INDICATORS<\/strong><\/h2>\n\n\n\n

US labour market<\/strong><\/p>\n\n\n\n

August non-farm payrolls grew far below expectations, while June data was revised into negative territory for the first time since 2020.<\/p>\n\n\n\n

The unemployment rate rose to a four-year high.<\/p>\n\n\n\n

White House adviser Hassett predicted upward revisions but questioned the reliability of the current data.<\/p>\n\n\n\n

Senate leader Schumer cited weak jobs data to push for overturning Trump\u2019s tariffs.<\/p>\n\n\n\n

Trump, Labour Secretary Dremer, and Treasury Secretary Bessent all criticised the Fed for delaying rate cuts.<\/p>\n\n\n\n

Bessent warned that revised 2024 employment figures may reduce jobs by 800,000.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Commodities and dollar<\/strong><\/p>\n\n\n\n

Dollar Index fell 0.54% to 97.74, erasing most of last week\u2019s gains.<\/p>\n\n\n\n

US Treasury yields declined: 10-year at 4.08%, 2-year at 3.52%.<\/p>\n\n\n\n

Spot gold closed at $3,586\/oz, up 1.12% for a third week; silver rose 0.82% to $40.97\/oz.<\/p>\n\n\n\n

Crude prices dropped, with WTI down 2.61% to $61.69\/barrel and Brent down 1.81% to $65.66\/barrel.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Equities performance<\/strong><\/p>\n\n\n\n

US stocks ended lower: Dow -0.48%, S&P 500 -0.32%, Nasdaq -0.03%.<\/p>\n\n\n\n

Broadcom +9.41%, Tesla +3.64%; Chinese tech: Baidu +4%, Alibaba +3.57%.<\/p>\n\n\n\n

European equities fell: DAX 40 -0.73%, FTSE 100 -0.09%, Euro Stoxx 50 -0.53%.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

MARKET MOVERS<\/strong><\/h2>\n\n\n\n

EUR\/USD<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n