Cato Institute Research Fellow Jai Kedia is available for interviews regarding the Bureau of Labor Statistics jobs report released this morning.

Kedia released the following statement in reaction:

The latest jobs report showed worrying data for the labor market. The US economy only added 22,000 jobs in August and June’s jobs were revised further down and showed the US lost 13,000 jobs. This was coupled with a marginal rise in the unemployment rate to 4.3%. The inflation rate still remains above the Fed’s 2 percent target, limiting the scope for drastic rate cuts. Joint rises in unemployment and inflation are the hardest macroeconomic conditions for the central bank to address.

There is still time for the administration to back away from its trade policies and help ease the growing concern of a supply shock.

If you would like to speak with Kedia, please contact pr@​cato.​org to set up an interview.