jobs, Labor Department
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Trump promised that protectionism and immigration enforcement would be good for the economy. The latest jobs report tells a different story.
The Federal Reserve faces rising labor market weakness as BLS revisions, JOLTS downturn, and AI job displacement fuel calls for FOMC rate cuts—but what underlying factors are shaping the data, and are they here to stay?
U.S. job growth weakened sharply in August and the unemployment rate increased to nearly a four-year high of 4.3%, confirming that labor market conditions were softening and sealing the case for a Federal Reserve interest rate cut later this month.
The U.S. economy added just 22,000 jobs in August, far short of the 75,000 expected. The Bureau of Labor Statistics also revised June’s data to show a staggering loss of 13,000 jobs. Over the past three months, the economy has added only 29,000 jobs in total.
The Bureau of Labor and Statistics releasing August's U.S. jobs report, revealing a sluggish labor market and rising unemployment.
As it turns out, according to the new report from the Bureau of Labor Statistics, the totals fell short of those expectations. CNBC News reported: Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month.
2don MSN
As job market slumps, Trump administration says it could take a year to see better economic data
The White House said it expects the Federal Reserve to weigh larger rate cuts this month after Friday's "disappointing" jobs report, while President Donald Trump and his administration said it could be a year before the U.
Trump’s $10T Labor Day jobs claim was quickly overshadowed as viral rumors about his whereabouts and well-being spread online before his golf course appearance put them to rest Saturday.
A strongly-worded statement from Bureau of Labor Statistics workers comes a month after President Trump attacked the integrity of the jobs numbers they release monthly.