Marketplace Morning Report Taking the pulse of the job market
Sep 4, 2025
The latest economic data shows a concerning snapshot, with job growth slowing down in the private sector. A close look reveals 5.3 million hires and the same number of exits in July. Meanwhile, Texas has enacted a law restricting property ownership for certain foreign nationals, sparking debates about discrimination and community impact. Additionally, the shutdown of an illegal sports streaming site raises questions about fans' access to live events in a tricky media landscape. The job market continues to be a balancing act for the Federal Reserve.
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Why Fans Flocked To StreamEast
- StreamEast offered free illegal streams and attracted massive traffic by simplifying access to games across networks.
- Fans like June Lee paid over $2,600 annually for legal services, showing why illegal sites appealed.
Labor Market Is Stalling
- ADP reported only 54,000 private jobs added in August, signaling a clear slowdown in hiring momentum.
- Diane Swonk says both labor demand and supply have weakened, leaving the unemployment rate with little margin for error.
Be Cautious About Big Fed Cuts
- Monitor labor data closely before calling for big Fed rate moves; narrow labor-market slack limits policy leeway.
- Consider that outsized rate cuts risk rekindling inflation if the labor market stops stalling.