Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown [View all]
Source: CNBC
Published Fri, Sep 5 2025 8:31 AM EDT Updated 4 Min Ago
Job 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 was revised up by 6,000. Revisions also showed a net loss of 13,000 in June after the prior estimate was lowered by 27,000.
The report was the first since President Donald Trump fired former BLS Commissioner Erika McEntarfer following the release of the July jobs report a month ago. The move came after the report showed not just a weak level of job creation but also dramatic reductions in previous months’ totals.
Read more: https://www.cnbc.com/2025/09/05/jobs-report-august-2025.html
From the source -
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Both payroll employment (+22,000) and unemployment rate (4.3%) change little in August #BLSData https://bls.gov/news.release/empsit.nr0.htm
8:30 AM · Sep 5, 2025
And another first of the month Friday so stay tuned for DU's economic analysts with the deep dives.
Don't know if Lutnik will eat his hat for this remark or what -
Lutnick predicts 'better' job number accuracy after Trump fired BLS chief
Article updated.
Previous articles -
Job 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 was revised up by 6,000. Revisions also showed a net loss of 13,000 in June after the prior estimate was lowered by 27,000.
The report was the first since President Donald Trump fired former BLS Commissioner Erika McEntarfer following the release of the July jobs report a month ago. The move came after the report showed not just a weak level of job creation but also dramatic reductions in previous months' totals.
Job 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 was revised up by 6,000. Revisions also showed a net loss of 13,000 in June after the prior estimate was lowered by 27,000.
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Original article -
Nonfarm payrolls were expected to increase by 75,000 in August while the unemployment rate edged up tp 4.3%, according to the Dow Jones consensus estimate.
This is breaking news. Please refresh for updates.
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