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2d ago

U.S. Hiring Slumps: August Adds 22,000 Jobs, Unemployment Up to 4.3%

Economists link the slowdown to sweeping tariffs plus reduced immigration.

Customers enter a grocery store in Westminster, California, on August 7.
Manufacturing is one of several goods-related industries to have shed jobs in recent months.

Overview

  • Labor Department data show just 22,000 jobs added in August, with June revised to a loss of 13,000, marking the first negative month since 2020.
  • Manufacturing employment is down about 78,000 so far this year, highlighting broad weakness in goods-producing industries.
  • Health care accounted for most of the limited hiring, adding roughly 46,800 jobs, while many other sectors saw flat or negative payrolls.
  • Black unemployment rose to about 7.5%, a level economists view as an early warning of broader labor-market stress, as the number of unemployed now exceeds job openings.
  • The run of weak reports has intensified calls for Federal Reserve rate cuts, while the firing of the BLS commissioner has fueled debate over the integrity of official statistics.