Applications for US unemployment benefits soared to a four-year high, signaling potential layoffs as hiring slows. Initial claims rose by 27,000, reaching 263,000 last week, the highest since October 2021.
The latest jobs report reveals a significant slowdown in hiring, with only 22,000 jobs added in August. This raises concerns about a potential recession and the implications for interest rates as Trump dismisses the BLS Commissioner.
The latest ADP National Employment Report shows a modest increase of 37,000 jobs in May 2025, indicating a slowdown in hiring momentum despite a robust annual pay growth of 4.5%. Explore the detailed breakdown of job changes across sectors and regions.
U.S. employers added 151,000 jobs last month, but looming trade wars and federal layoffs paint a concerning picture for the economy. Experts warn of potential job market challenges ahead.
