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Job Growth Stalls In August As Trump Tariffs Strain Labor Market
The US labor market slowed sharply in August, as President Donald Trump's tariffs, inflation, and lower consumer confidence grip the nation's economy.
There were 22,000 jobs added nationwide in August, the Bureau of Labor Statistics said in a news release on Friday, Sept. 5. The weak numbers mark one of the softest hiring months in recent years, falling well below the Dow Jones estimate of 75,000 new jobs, CNBC reported.
Unemployment also ticked up to 4.3%, its highest level since July 2024. A broader metric, which includes discouraged workers and those with part-time jobs fo…
Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum'
Private hiring sharply declined to its slowest pace in more than two years as President Donald Trump's sweeping tariffs have shaken the economy throughout 2025.
Businesses added just 37,000 jobs in May, according to the ADP National Employment Report released on Wednesday, June 4. That was the lowest level since March 2023, falling below April's downwardly revised figure of 60,000.
The disappointing job total missed the Dow Jones forecast of 110,000, CNBC reported.
"After a strong start to the year, hiring is losing momentum," ADP chief economist Dr. Nela Richardson said. "Pay growth, howe…
