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Payroll Growth Very Modest In August— Fed Likely To Reduce Interest Rates This Month
Forbes·2025-09-05 22:00

Employers are still hiring but not muchGetty ImagesIn the monthly jobs report for August that the Bureau of Labor Statistics just released, the number of payroll jobs grew by just 22,000 jobs. This is well below economist expectations of an increase of 75,000, which is now considered the break-even rate to keep unemployment steady.Most sectors showed mildly contracting payrolls, and only three showed significant growth: health care (up 31,000), social assistance (up 16,000), and leisure/hospitality (up 28,0 ...