US Labor Market Falls Short with 22K Jobs Added in August

Reported about 8 hours ago

In August, the US economy generated a disappointing 22,000 jobs, well below the forecasted 75,000, while the unemployment rate rose to 4.3%. Average hourly wages increased by 3.7%, slightly lower than expected. Despite some positive revisions for July's job figures, the August report signals a stagnating labor market.

Source: YAHOO

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