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August jobs report sorely misses forecasts — bolstering interest rate cut hopes
New York Post·2025-09-05 20:42

The US jobs market drastically weakened in August, confirming signs of a slowdown – and bolstering hopes for an interest rate cut this month.Employers added a paltry 22,000 jobs last month — down from 73,000 jobs the month before and far below expectations of 75,000, the Bureau of Labor Statistics said Friday.Friday’s data puts the year-to-date total at just 619,000 – down from more than 1.1 million this time last year. 4 The US jobs market significantly weakened in July. AP 4 A “Now Hiring” sign hangs ...