TV News LIES

Thursday, Oct 02nd

Last update09:00:21 PM GMT

You are here News Economy Cracks in the U.S. economy: Job growth slows 75% from a year ago

Cracks in the U.S. economy: Job growth slows 75% from a year ago

E-mail Print PDF

Jobs report down 75%The U.S. jobs engine is sputtering and looks to be in danger of stalling out.

U.S. employers added just 22,000 jobs in August, according to a report Friday from the Labor Department. The unemployment rate inched up 4.3%. Revised figures also show there was also a net loss of jobs in June for the first time since 2020, in the midst of the pandemic.

The U.S. has now had four months in a row of pretty anemic job growth. Average job growth between May and August was down 75% from the same period a year ago.

The weakness was visible all across the economy.

"There are not a lot of silver linings in the report," said economist Julia Coronado of Macropolicy Perspectives. "We are losing engines of job growth."

There was a net loss of jobs last month in manufacturing, construction, and oil drilling — all industries that the Trump administration is trying to promote.

More...


Most Recent Related Stories...


Supreme Court says Trump cannot, for now, remove Lisa Cook from Fed; will take up matter in January

lisa CookThe Supreme Court said President Donald Trump must allow Lisa Cook to remain on the Federal...

US inflation rises in August as firms pass Trump tariffs cost on to consumers

Inflation rising as consumers pay tarrifsInflation rose slightly in August as companies continued to push the cost of tariffs on to...

The Federal Reserve’s independence is about to be tested like never before

Jay PowellThe time has come to ban the “revolving door” between the White House and the Federal...

Federal appeals court rejects Trump’s emergency tariffs

US Court of AppealsA federal appeals court on Friday rejected President Trump’s assertion that emergency powers justify his worldwide...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!