Reported about 11 hours ago
The latest jobs report reveals that the US economy added only 22,000 non-farm payroll jobs in August, a significant drop from the expected 75,000. KPMG's Chief Economist Diane Swonk describes the job market's slowdown as comparable to a winter freeze, where current employees are reluctant to change jobs for better pay, and those unemployed struggle to find work. This indicates ongoing stress in the labor market, with unemployment rates increasing and job growth slowing drastically.
Source: YAHOO