unemployment rate

The labor market's resilience keeps the Fed focused on inflation and pushes the policy debate further toward a December rate hike.

— Olu Sonola, head of U.S. economics at Fitch Ratings, said this in an email about the implications of the strong jobs report for monetary policy.

For the Fed, this number should be the nail in the coffin for an October hike.

— Thomas Simons, chief U.S. economist at Jefferies, said in a note

Australian workers didn’t choose this war, but they are paying a hefty price for it.

— Jim Chalmers, Treasurer of Australia, in a statement reacting to the RBA rate hike and the economic impact of the war

The plain fact is that inflation is too high, and has been for too long, Warsh said in a press conference after the Fed announced the rate hike on Wednesday, stressing that the Fed wants to take a "timelier" approach to curb price increases.— Warsh said in a press conference after the Fed announced the rate hike on Wednesday, stressing that the Fed wants to take a "timelier" approach to curb price increases.

Today's weak payrolls print may ease the pressure on the Fed to raise rates at its September meeting, but next week's inflation data will still likely be the deciding factor. If those numbers come in hotter than expected, a cooler labor market may not be enough to quiet the calls for hikes inside the Fed, or lower expectations outside of it.

— Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management, on today's payrolls data.