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