Disappointing August jobs report could slow the Fed taper and increases twin fears for the economy

A sign advertising job openings is seen outside of a Starbucks in New York, May 26, 2021.
Andrew Kelly | Reuters

The surprise slowdown in the pace of job creation in August signals the Federal Reserve may be less likely to move toward tapering its bond program in September, as it waits to see whether it is a temporary reaction to the summer's Covid outbreak or a deeper problem for the economy.

More In Pro Insight

CNBC ProThe most widely followed Wall Street investor survey shows big leap in economic fears
watch now
CNBC ProEquities still have further upside despite cost pressures, strategist says
watch now
CNBC ProP&G's Jon Moeller reacts to Q3 earnings, supply chain issues, inflation and more