US jobs data: Unemployment hits four-year high at 4.3%; only 22,000 new jobs in August
August’s employment data revealed a weakening US job market, with unemployment rising to 4.3%, a near four-year high, fueling expectations for a Federal Reserve rate cut. Job creation has slowed significantly, accompanied by downward revisions to previous months’ figures and job losses in June.🕒 1 min read
August’s employment data revealed a weakening US job market, with unemployment rising to 4.3%, a near four-year high, fueling expectations for a Federal Reserve rate cut. Job creation has slowed significantly, accompanied by downward revisions to previous months’ figures and job losses in June.
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