Yuki Iwamura/Bloomberg/Getty ImagesThe labor market appears to be at a crossroads, said Nick Bunker, Indeed Hiring Lab’s head of economic research. It may take an interest rate cut to ensure employers’ demand for workers doesn’t tumble too far, he added. Federal Reserve officials still broadly believe the job market remains on solid footing, which is allowing central bankers to comfortably keep interest rates perched at a 23-year high as they await more evidence that inflation is under control. But some Fed officials have noted that the job market has lost momentum recently and that it’s highly unclear whether it will continue to hold steady or weaken further. “The unemployment rate is still quite low, but it has been rising,” he said.