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5d ago

U.S. Hiring Stalls as August Adds 22,000 Jobs and Unemployment Rises to 4.3%

Policy uncertainty tied to tariffs plus immigration shifts is strengthening expectations for near-term Fed rate cuts.

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

  • Official data show just 22,000 jobs added in August, June revised to a 13,000 loss, and the jobless rate up to 4.3%, the highest in four years.
  • Manufacturing has shed about 78,000 jobs so far this year, construction and mining also weakened, while health care added roughly 46,800 positions in August.
  • Economists say tariffs and shifting immigration policies are depressing hiring, with one analyst calling the drag on goods producers “undeniable.”
  • The administration has asked the U.S. Supreme Court to review the legality of broad tariffs under the International Emergency Economic Powers Act, with a decision on taking the case sought by Sept. 10.
  • The firing of BLS Commissioner Erika McEntarfer after large revisions heightened concerns about the agency’s independence even as career processes continue to produce the data.