Revisions and rising unemployment: what to know about the US jobs report
by Lauren Aratani in New York from Economics | The Guardian on (#6ZTQS)
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
A closely watched report on US jobs released on Friday gave signs of a cooling labor market.
The economy added just 22,000 new jobs in August, coming in below expectations, while the unemployment rate ticked slightly up to 4.3%, according to the Bureau of Labor Statistics. At the beginning of the year, more than 100,000 jobs were being added each month.
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