US Hiring Plunges to 22,000 in August, Intensifying Fed Rate Cut Expectations Amid BLS Leadership Turmoil
US Hiring Plunges to 22,000 in August, Intensifying Fed Rate Cut Expectations Amid BLS Leadership Turmoil New data released Friday reveals a significant slowdown in the U.S. labor market, with only 22,000 jobs added in August. This figure falls sharply from the 79,000 jobs recorded the previous month and well short of economists’ expectations, further fueling concerns about economic momentum. The U.S. Bureau of Labor Statistics (BLS) report indicates a continued cooling trend in hiring, following a summer marked by…