Posted on 09/05/2025 5:53:05 AM PDT by Miami Rebel
Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month.
Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to a Bureau of Labor Statistics report Friday. Economists surveyed by Dow Jones had been looking for payrolls to rise by 75,000.
The report showed a marked slowdown from the July increase of 79,000, which was revised up by 6,000. Revisions also showed a net loss of 13,000 in June after the prior estimate was lowered by 27,000.
The report was the first since President Donald Trump fired former BLS Commissioner Erika McEntarfer following the release of the July jobs report a month ago. The move came after the report showed not just a weak level of job creation but also dramatic reductions in previous months’ totals.
In McEntarfer’s place, the president nominated economist E.J. Antoni, a Trump loyalist from the Heritage Foundation who previously had criticized the BLS numbers as being politically distorted. William Wiatrowski is serving as acting BLS commissioner.
While the pace of hiring was slow, average hourly earnings increased 0.3% for the month, meeting the estimate, though the annual gain of 3.7% was slightly below the forecast for 3.8%. Hiring was held back by a payroll reduction in the federal government, which reported a decline of 15,000.
Health care again led by sectors, adding 31,000 jobs, while social assistance contributed 16,000. Wholesale trade and manufacturing both saw declines of 12,000 on the month.
You’re forgetting that President Trump appointed a new sheriff to correct that.
and yet equities are up big because of this...I guess easy money is their big driver
Summer blahs. No one hires in Aigist. Let’s see September. Hiring should pick up again
We will see. Elsewhere, Canada’s unemployment rate rose to 7.1%. The highest since 2016.
Good thing we are deporting more illegal aliens since they won’t have any work to do
But since social services hiring is up by a similar that amount, looks like state and local governments may be going on a hiring spree...""
Have Republicans/ Conservatives deluded themselves since WW2? Is the government the economy and the economy is the government?
With 1.5 million illegal aliens leaving the country so far, and leaving the labor market, of course payroll numbers will be depressed.
And it will take time to fix it.
We didn’t lose manufacturing payroll due to deportation.
MORE AUTOMATION.
MORE AI.
WHAT DO THEY THINK WILL HAPPEN???
Yep, this is being done on purpose to Trump.
Our OP here is a neverTrumper.
+++😁
None of the illegals worked in the manufacturing sector?
I dunno. The BLS report said nothing about it.
But if we were in a robust hiring economy, those jobs would be filled in a flash by documented workers.
An optimistic poster on Free Republic is nearly as rare as the passenger pigeon...
Good maybe Powell and the Fed wills top playing poltics and cut rates finally
Fed was way too late to raise them under Biden. Now way too late to cut them
Maybe you should actually read what you are posting. Shameless lying by omission on your part.
Maybe you should try being intellectually honest and admit that a small number of lost jobs. Trying to mislead that losing the Manufacturing jobs was a big issue, when it is not, was lying by omission.,
Frame the numbers as you wish.
Duh. It’s the unofficial end of summer. Kids go back to school.
4th quarter normally isn’t a hiring period other than the short term, part time seasonal work.
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