Job development slowed to a crawl in August, and the unemployment charge rose to its highest degree in practically 4 years, indicating the US labor market is rising stagnant. The economic system added simply 22,000 jobs final month and the unemployment charge rose to 4.3% from 4.2%, in accordance with the Bureau of Labor Statistics. August’s job report additionally included a downward revision to June, which confirmed the US economic system misplaced 13,000 jobs that month. It’s the primary unfavourable employment month since December 2020, and it brings to an finish what was the second-longest interval of employment growth on report. #CNN #News
