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US employers likely added a modest 80,000 jobs last month, a sign that the labor market has cooled
US employers added 80,000 jobs in August, reflecting a significant slowdown from last year's average monthly gains of 168,000, amid economic uncertainty and tariff impacts.
- The Bureau of Labor Statistics reported that U.S. employers likely added a modest 80,000 jobs in August, signaling a cooled labor market.
- This slowdown comes after recent adjustments lowered hiring numbers to their lowest point observed since the onset of the COVID-19 pandemic, alongside the continuing impact of Federal Reserve rate increases and trade-related uncertainties.
- Other signs include stagnant economic activity reported by the Federal Reserve, a fall in job openings in July, and increased layoff announcements in August.
- Heather Long indicated that the job market may be weakening, while experts predict the unemployment rate will rise slightly from 4.2% to 4.3%.
- The modest job gains and weak hiring plans suggest continued labor market fragility, which may influence the Federal Reserve to lower interest rates in their September meeting.
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41 Articles
41 Articles
Associated Press News+7 Reposted by 7 other sources
US employers likely added a modest 80,000 jobs last month, a sign that the labor market has cooled
When the Labor Department put out a disappointing jobs report a month ago, an enraged President Donald Trump responded by firing the economist in charge of compiling the numbers and nominating a loyalist to replace her.
·United States
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Total News Sources41
Leaning Left5Leaning Right6Center18Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 17%
C 62%
R 21%
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