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US Non-Farm Payrolls Growth Slows in August, Unemployment Rate Rises to Highest Level of 2021

Summary: According to sources, US non-farm payrolls growth significantly cooled in August, with an increase of 22,000 jobs and the unemployment rate rising to the highest level of 2021, sparking concerns about a deteriorating labor market. Reports from the Labor Department showed a decline in employment for the first time in June, with shocking data in ...

According to sources, US non-farm payrolls growth significantly cooled in August, with an increase of 22,000 jobs and the unemployment rate rising to the highest level of 2021, sparking concerns about a deteriorating labor market. Reports from the Labor Department showed a decline in employment for the first time in June, with shocking data in July as well. Job vacancies and wage growth have both slowed in recent months, putting pressure on economic activity. Traders continue to bet on the Federal Reserve cutting interest rates at the September meeting.

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Link: US Non-Farm Payrolls Growth Slows in August, Unemployment Rate Rises to Highest Level of 2021 [Copy]

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