U.S. employment growth came to a near standstill in August, with non-farm payroll additions reaching just 22,000 against market forecasts of 75,000, marking a significant miss that sent shockwaves through financial markets. Simultaneously, the jobless rate climbed to 4.3%, representing the highest level in nearly four years since October 2021, signaling deteriorating labor market conditions.
According to data reported by PANews in early September, the weak non-farm payroll report underscored mounting concerns about U.S. economic momentum. The vast gap between actual job creation and analyst ex