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US payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown
- The Labor Department revealed that job growth in the nonfarm sector increased by 22,000 during August, falling short of the anticipated 80,000 new positions.
- This slowdown comes after revisions removed over 250,000 previously reported job additions in May and June, and coincided with President Trump dismissing the head of the agency responsible for labor data amid accusations that the employment figures had been manipulated.
- The report showed the unemployment rate increased to 4.3%, its highest since 2021, with declines in manufacturing and government jobs offsetting health care gains.
- Fed Chair Jerome Powell noted changing economic conditions may require policy adjustments, and CME data indicate a 99.1% chance of the Fed lowering rates by at least 0.25% at its September 17 meeting.
- These trends suggest ongoing labor market weakening and raise concerns about the U.S. economy's health, influencing expectations for near-term Federal Reserve interest rate cuts.
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37 Articles
Bryan Times+2 Reposted by 2 other sources
US hiring weakens sharply in August as jobs market stalls
US job growth stalled in August while unemployment crept up to its highest level since 2021, in a closely watched report Friday after weak data earlier prompted President Donald Trump to fire a key economic official.
The Courier-TimesReposted by 
The Straits Times
The Straits TimesUS hiring significantly misses expectations as jobs market cools
The US economy added significantly fewer jobs than expected in August, government data showed on Friday, in a closely watched report after weak data earlier prompted President Donald Trump to fire a key economic official.
·New Castle, United States
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Coverage Details
Total News Sources37
Leaning Left6Leaning Right8Center14Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 21%
C 50%
R 29%
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