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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…
Job Growth Beats Forecasts Despite Stalling Labor Market, Shrinking GDP Under Trump
Job growth moderately beat expectations in April, but was slightly down from the month before, as recession worries loom due to President Donald Trump's trade agenda.
The US economy added 177,000 jobs in April, according to Bureau of Labor Statistics data released on Friday, May 2. The national unemployment rate held steady at 4.2%, despite initial unemployment claims jumping to 241,000 for the week ending Monday, April 26.
The job gains were higher than the 133,000 forecasted by the Dow Jones, CNBC reported. April's numbers declined from March's total of 185,000, which …
Unemployment Claims Surge, GDP Shrinks As Recession Fears Rise Under Trump
Unemployment claims unexpectedly rose as the US economy shrank amid President Donald Trump's sweeping tariffs, further escalating concerns of a coming recession.
Initial unemployment claims jumped to 241,000 for the week ending Monday, April 26, according to Department of Labor data released on Thursday, May 1. That's the largest weekly number since February and 18,000 more than the prior week.
The surge pushed the four-week moving average to 226,000 first unemployment claims. The 241,000 claims were also well above the Dow Jones estimate of 225,000, CNBC reported.
Continued…
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts.
The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported.
Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…
