US EditionUS 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.
47 Articles
47 Articles
U.S. may have gained 80,000 jobs in August, signaling a cooling job market
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.Nothing quite so dramatic is likely Friday when the department releases hiring and unemployment numbers for August. They are expected to show that companies, government agencies and nonprofits added a modest 80,000 jobs last month…
Winnipeg Free Press
Hiring stalls with US companies reluctant to expand in an uncertain economic landscape
Breaking News, Sports, Manitoba, Canada
US hiring stalls with employers reluctant to expand in an economy grown increasingly erratic
The American job market, a pillar of U.S. economic strength since the pandemic, is crumbling under the weight of President Donald Trump’s erratic economic policies. Uncertain about where things are headed, companies are reluctant to hire, leaving agonized jobseekers unable…
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