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Friday's jobs report showed employers added a mere 22,000 jobs in August, as the unemployment rate ticked up to 4.3%.
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Donald Trump's economy falters as US jobs growth grinds to a halt Financial TimesWhat the latest jobs report means for you … buckle up CNNAnalysis | The U.S. could tumble into recession before seeing Trump's promised golden age The Washington PostBrooks and Bouie on economic warning signs PBSHiring Stalled in August, With 22,000 New Jobs The Wall
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The S&P 500 and Nasdaq both briefly hit record intraday highs Friday before tumbling on a weaker August jobs report.
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Employers added 22,000 jobs in August. Revised data also showed that employment fell by 13,000 jobs in June, the first net loss since December 2020.
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U.S. stocks were struggling in early-afternoon trading Friday, as the latest jobs data for August helped revive investors' worries about a slowing labor market.
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The economy added a lackluster 22,000 new jobs in August and the unemployment rate rose to a nearly four-year high, underscoring the increasing fragility of the U.S. labor market.
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The U.S. job market showed more signs of weakness Friday, as the Labor Department reported just 22,000 jobs added in August. Revised figures show the economy lost jobs in June, for the first time since the pandemic winter of 2020.
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