Why the August jobs report could possibly be regarding

The August jobs report fell wanting economists’ muted expectations. The Labor Department mentioned U.S. employers added 22,000 new jobs final month. Economists had anticipated a quantity nearer to 80,000. The unemployment price additionally ticked up barely to 4.3% in August. CBS News CashWatch correspondent Kelly O’Grady experiences.

CBS News 24/7 is the premier anchored streaming information service from CBS News and Stations that’s obtainable free to everybody with entry to the web and is the vacation spot for breaking information, dwell occasions, unique reporting and storytelling, and packages from CBS News and Stations’ prime anchors and correspondents working regionally, nationally and across the globe. It is offered on greater than 30 platforms throughout cellular, desktop and related TVs free of charge, in addition to CBSNews.com and Paramount+ and dwell in 91 nations.

Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on Twitter: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h

For video licensing inquiries, contact: [email protected]