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What is the latest employment data?

Asked 16 hours ago

Answer

Recent employment data shows US job growth slowing, with only 22,000 jobs added in August and unemployment rising to 4.3%, the highest since 2021. Wage growth and labor force participation are also weakening. In Ontario, unemployment has jumped to 7.8% amid construction slowdowns.

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CBS America

New unemployment data sparks concern

CBS America · Recent
CBS America
CBS America
Recent
  • US job growth slowed with only 22,000 jobs added and unemployment rising to 4.3 percent. 7s
  • June job figures were revised to show a loss of 13,000 jobs, the first monthly decline since 2020. 19s
  • President Trump blamed the Federal Reserve for not lowering interest rates sooner. 31s
  • Analysts expect the Federal Reserve may cut rates due to deteriorating labor market conditions. 48s
  • A CBS News poll shows most Americans are concerned about the economy and expect prices to rise. 1m 8s
EmploymentPolitics

References

New unemployment data sparks concern
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CBS America
17 hours ago
New unemployment data sparks concern

The August jobs report showed only 22,000 jobs added, while unemployment ticked up to 4.3 percent, the highest since 2021.

Payrolls rose 22,000 in August, less than expected
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CNBC
2 days ago
Payrolls rose 22,000 in August, less than expected

US non-farm payrolls increased by 22,000 in August, with the unemployment rate rising to 4.3%, the highest since 2021.

Payrolls rose 22,000 in August, less than expected
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CNBC
2 days ago
Payrolls rose 22,000 in August, less than expected

The unemployment rate comes in at 4.3, moving higher and marking the highest level since 2021.

Payrolls rose 22,000 in August, less than expected
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CNBC
2 days ago
Payrolls rose 22,000 in August, less than expected

The labor force participation rate edged down to 62.3%, continuing a gradual decline seen throughout the year.

How Ontario's slowing housing market is affecting trades jobs
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CBC Canada
3 days ago
How Ontario's slowing housing market is affecting trades jobs

Unemployment across Ontario has jumped to 7.8% amid a slowdown in the housing market and job losses, especially in manufacturing.

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