Groundwork’s Lindsay Owens on August Jobs Report: “Chair Powell needs to get on with it”

Today, the Bureau of Labor Statistics released the August jobs report which showed that the U.S. economy added 142,000 jobs and the unemployment rate ticked down to 4.2%.

Groundwork Collaborative’s Executive Director Lindsay Owens reacted with the following statement:

“Today’s jobs report confirms that the Federal Reserve is late to the game. Chair Powell needs to get on with it and deliver a sizable rate cut this month or we are going to be staring down an ugly winter.”