SaralnamaToday: The August jobs report shows a faltering US labour market. Employers added only 22,000 jobs. Unemployment rose to 4.3%. From April: Manufacturers lost 42,000 jobs, builders cut 8,000, and mining lost 12,000 positions. Black unemployment climbed to 7.5%. Until July: Annual price growth increased from 2.3% to 2.7%. Next: Trump claims better figures will emerge 'a year from now'. He blames higher interest rates and the Federal Reserve. The White House points to future investments in AI and technology for job growth. Critics note Trump's contradictory statements on job data and economic promises. (Updated 6 Sep 2025, 19:02 IST; source: link)
Key Points
- Today: The August jobs report shows a faltering US labour market
- Employers added only 22,000 jobs
- Unemployment rose to 4.3%