Fri, 05 Sep 2025

Fri, 05 Sep 2025 US job market weakens further in August, raising fears over economy

Employers added just 22,000 jobs last month, fewer than expected, while the unemployment rate ticked up to 4.3%.

* US jobs market weakened further in August, adding only 22,000 jobs
* Unemployment rate ticked up from 4.2% to 4.3%
* Jobs numbers were lower than expected and added to concerns about economy's health
* Investors now almost certain that US central bank will cut interest rates at its next meeting
* Analysts say troubles in job market partly due to President Trump's policies on tariffs, immigration, and government spending
* Manufacturing and construction firms reported payroll declines, offsetting gains in healthcare
* Average hourly pay rose 3.7% over the past year
* Global bond markets react positively to news, with rates dropping sharply
* White House officials blamed Federal Reserve for slow response to economic slowdown
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