NEW YORK — Despite a disappointing jobs report Friday that raised fresh questions about the nation’s economic strength, analysts say they still believe the Federal Reserve will start pulling back on its stimulus program in a few weeks.
The Labor Department’s snapshot of the job market in August had several discouraging details underneath a relatively mundane headline number, which showed the economy added an estimated 169,000 jobs. Perhaps the most striking was a plunge in the share of Americans who are either working or looking for work, which fell to its lowest level since 1978.
“If you had a more optimistic view of the economy, which I think the Fed does, this should give you some pause,” said Joshua Shapiro, chief US economist at MFR. Full story for BostonGlobe.com subscribers.