
09-05-2025, 10:04 AM
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Senior Member
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Join Date: Mar 2017
Posts: 14,453
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US economy adds 22,000 jobs, unemployment rate hits 4.3% in August as labor market continues dramatic slowdown
https://finance.yahoo.com/news/us-ec...153001609.html
Quote:
The August jobs report released Friday by the Bureau of Labor Statistics (BLS) showed that just 22,000 new jobs were added to the economy last month, far fewer than forecast and the latest sign that the US labor market has cooled in recent months. The unemployment rate rose to 4.3% last month.
Economists had expected the report to show 75,000 jobs were created in August, with the unemployment rate forecast to rise to 4.3%, according to data from Bloomberg.
In July, the economy created 73,000 new jobs, but those figures were revised on Friday to show 79,000 jobs were created during the month. Revisions to June's data, however, were more negative, with those numbers now showing 13,000 jobs were lost during the month, the first outright monthly decline since 2020. Revisions in early August had brought June's job growth down to 14,000.
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MAGA!!!!!!!!!!!
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George Orwell
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