Chief economist Brian Jacobsen of Annex Wealth Management Company said that the August non-farm employment data rebounded from the weakness in July, but the data for the previous two months was revised downward. Part-time employment increased significantly, but temporary help service positions declined again, and the diffusion index of the manufacturing industry decreased. Overall, an employment increase of 0.142 million is usually considered healthy, but this labor market is maintained through "patchworking." Can the Fed cut interest rates by 50 basis points? Yes, but will they? No. The Fed may prefer to start with a 25-basis-point rate cut and retain the option to increase it to 50 basis points, rather than starting directly with a 50-basis-point cut.