Revisions and rising unemployment: what to know about the US jobs report

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 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, over 100,000 jobs were being added each month.

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from The Guardian https://ift.tt/WkBy0RD

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