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 ...

watch nowJob creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month.Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to a Bureau of Labor Statistics report Friday. Economists surveyed by Dow Jones had been looking for payrolls to rise by 75,000.The report showed a marked slowdown from the July increase of 79,000, which ...