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  • Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown

    09/05/2025 5:53:05 AM PDT · by Miami Rebel · 42 replies
    CNBC ^ | September 5, 2025 | Jeff Cox
    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...