August's job growth has plunged, with the unemployment rate hitting 4.3%, raising concerns over the economy's stability. Experts warn of potential recession as labor market conditions worsen amid controversial policies.
In August, the US job market showed little improvement, with only 75,000 jobs added and the unemployment rate expected to rise to 4.3%. This marks a concerning trend of sub-100,000 payroll growth for four consecutive months, the worst since 2020.
The US economy added only 139,000 jobs in May, showing signs of slowdown as businesses navigate uncertainty from the ongoing trade war. The unemployment rate remained steady at 4.2%, but federal job cuts raise concerns.
