United States Likely Added 65,000 Jobs Last Month, but Jobseekers Struggle and Pay Gains Are Meager – WTOP News
Forecasters say employers added 65,000 jobs as hiring slowed and the unemployment rate rose to 4.2%, while wage growth stayed near 3%.
- On Friday, the Labor Department is expected to report that U.S. employers added 65,000 jobs in August, rebounding from July's unexpected 23,000-job decline, with unemployment ticking up to 4.2%.
- Employers are currently limiting new recruitment while retaining existing staff in a 'no-hire, no-fire' labor market, where layoff applications have remained historically low at around 200,000 to 230,000.
- President Donald Trump's immigration crackdown withdrew work authorization for 330,000 Haitian and Syrian immigrants, while baby boomer retirements have constrained labor supply, prompting businesses to boost efficiency through technology and AI.
- Wage gains remain modest at 3%, posing challenges for families, while entry-level workers face a difficult employment environment as businesses prioritize existing workforce efficiency, according to EY-Parthenon economists Gregory Daco and Lydia Boussour.
- Hiring this year averages just under 61,000 jobs monthly, significantly trailing the 166,000 average in 2023 and 2024, as the United States requires fewer new jobs than previously to maintain unemployment stability.
20 Articles
20 Articles
United States likely added 65,000 jobs last month, but jobseekers struggle and pay gains are meager – WTOP News
WASHINGTON (AP) — The U.S. Labor Department is expected to report Friday that the American job market bounced back last month from a dismal July, even though jobseekers continue to struggle and pay gains are slight. And the employment outlook remains clouded by a shortage of workers – the result of President Donald Trump’s immigration...
U.S. job market rebounds with surprising 162,000 hiring frenzy –...
The U.S. job market rebounded in August as employers added a surprising 162,000 jobs. The unemployment rate stayed at a low 4.1%. The jobs report, issued by the Labor Department Friday, could be good news for President Donald Trump two months before midterm elections in which the health of the... Read More The post U.S. job market rebounds with surprising 162,000 hiring frenzy appeared first on The Horn News - Proudly American, Fiercely Indepen…
What to expect from the jobs report today
By Alicia Wallace, CNN (CNN) — The August jobs report is due out at 8:30 a.m. ET Friday, and economists are expecting that employers added 65,000 jobs last month and the unemployment rate inched back up to 4.2%.US employment is likely to rebound after the surprise in July, when the economy unexpectedly lost an estimated
Winnipeg Free Press
United States likely added 65,000 jobs last month, but jobseekers struggle and pay gains are meager
WASHINGTON (AP) — The U.S. Labor Department is expected to report Friday that the American job market bounced back last month from a dismal July, even though jobseekers continue to struggle and pay gains are slight.
Coverage Details
Bias Distribution
- 55% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
