US Job Growth Stalls Amid Economic Uncertainty
The latest jobs report reveals that the US economy added only 22,000 jobs in August, significantly below expectations. This marks a continuation of a slowdown in the labor market, with unemployment rising to 4.3%, the highest rate since 2021. Despite the addition of jobs, employers shed positions in June, highlighting the precarious state of hiring. These developments come as uncertainty looms over economic policies, raising concerns about the overall health of the job market and prompting discussions about possible interest rate cuts by the Federal Reserve.
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