The U.S. economy added a paltry 22,000 jobs in August, adding to concerns about the health of the economy while increasing the chances of interest rate cuts by the Federal Reserve.
The unemployment rate ticked up to 4.3 percent, rising for the second month in a row, while the labor force participation rate increased after falling since April.
The data from the Labor Department followed a similarly dismal jobs report for July that showed an average of just 35,000 jobs added to the economy each month between May and July.
Crazycat
Article URL : https://thehill.com/business/5488614-us-economy-adds-22k-jobs-august/