US Edition
Payroll Growth Very Modest In August— Fed Likely To Reduce Interest Rates This Month
U.S. job growth slowed to just 22,000 in August with layoffs rising 39% from July and unemployment increasing to 4.3%, signaling economic cooling before the Federal Reserve's policy decision.
- On September 5, the Bureau of Labor Statistics reported only 22,000 payrolls added in August while the unemployment rate rose to 4.3%.
- Analysts say tariffs, AI and uncertainty contributed to August's weak jobs report, while job openings declined to around 7.2 million, indicating reduced employer demand.
- Revisions showed June lost 13,000 jobs, the first decline since 2020, while August layoff announcements surged to about 86,000 according to Challenger.
- Traders had priced in a 25bp cut ahead of September 16, but some analysts say a half-point cut is now necessary to restore confidence.
- A bolder Fed move could trigger global easing and market repricing as the White House has pushed for cheaper borrowing costs, intensifying political pressure.
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Too Late Powell: August Jobs Report Will Likely Force Rate Cut.
PULSE POINTSWHAT HAPPENED: The Bureau of Labor Statistics (BLS) reported the addition of only 22,000 jobs in August, with significant downward revisions for prior months, likely signalling a slowing labor market.WHO WAS INVOLVED: The U.S. labor market, with notable changes in employment among various demographic groups and industries.WHEN & WHERE: The report was released on September 5, 2025, reflecting employment data for August 2025 across the…
Coverage Details
Total News Sources12
Leaning Left1Leaning Right3Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 17%
C 33%
R 50%
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