FRIDAY’S NATIONAL JOBS REPORT COULD MATTER IN LUBBOCK FAR BEYOND WALL STREET

FRIDAY’S NATIONAL JOBS REPORT COULD MATTER IN LUBBOCK FAR BEYOND WALL STREET

The national economy is heading into another important data day, and the result could eventually reach everything from Lubbock hiring decisions to borrowing costs. Investors are waiting for Friday’s August employment report after new unemployment claims ticked higher while layoffs remained historically low. The Federal Reserve is also watching labor conditions as it decides whether interest rates should stay where they are or move again this month. For Lubbock households, that matters because interest rate expectations can affect mortgages, vehicle loans and business financing. One report will not settle the economy, but Friday’s numbers will give employers and consumers a clearer look at whether the labor market is cooling or simply slowing. The numbers could also influence expectations ahead of the Federal Reserve meeting later this month.

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