Disappointing US jobs report shows hiring slowed sharply this summer
U.S. private sector hiring rose less than expected in August, per the ADP.
Trump's trade wars have created an atmosphere of economic anxiety.
Nonfarm payrolls were expected to increase by 75,000 in August while the unemployment rate edged up tp 4.3%.
US employers added just 22,000 jobs in August, slowing from July and coming in below economists’ expectations.
Employers in the US added just 22,000 jobs in August, raising concern about the health of the world's largest economy.
The job market continues to slow, according to a report released Friday by the Bureau of Labor Statistics showing that only 22,000 jobs were created in August.
The August jobs report showed the labor market has significantly cooled and isn't presenting many opportunities for job seekers.
Economists suggest the smaller gains show employers are increasingly wary of Trump’s tariff-driven economic policies.
Only 22,000 jobs were created in the US last month, less than a third of what's required to keep up with population growth. The statistic paves the way for the interest rate cuts…
Employers added 22,000 jobs in August. Revised data also showed that employment fell by 13,000 jobs in June, the first net loss since December 2020.
August’s report gave signs of a cooling labor market with negative job numbers for the first time since 2020 – here’s what we learned
WASHINGTON: The US job market has gone from healthy to lethargic during President Donald Trump’s first seven months back in the White House, as hiring has collapsed and inflation…