US Jobs Report Shows Stalled Hiring and Rising Unemployment Concerns
The US jobs report for August shows a slowdown in employment growth with only 22,000 new jobs added and a slight increase in the unemployment rate to 4.3%, amid revisions to previous months' data, federal job losses, and concerns over inflation and economic stability. The report highlights a weakening labor market, especially among federal employees and manufacturing, while healthcare and social assistance sectors see growth. Black Americans face higher unemployment rates, and the Federal Reserve is expected to consider interest rate cuts in September amidst these economic uncertainties. The White House and administration officials remain optimistic, attributing the downturn to temporary factors and promising future growth.
- Revisions and rising unemployment: what to know about the US jobs report The Guardian
- Hiring Stalled in August, With 22,000 New Jobs The Wall Street Journal
- Second Weak Jobs Report Undercuts Trump’s Claims of a Booming Economy The New York Times
- America’s job market flashes yet another warning sign about the economy CNN
- US hiring stalls with employers reluctant to expand in an economy grown increasingly erratic AP News
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