US Job Market Stalls in August, Unemployment Hits Four-Year High
US Job Market Stalls in August, Unemployment Hits Four-Year High The latest jobs report, released Friday, paints a sobering picture of the American labor market, showing a significant slowdown in August. The US economy added a mere 22,000 jobs, while the national unemployment rate climbed to 4.3%, marking its highest level in nearly four years. Economists are sounding alarms, with Glassdoor economist Daniel Zhao telling CNN the job market is “stalling” and “slowing to a dangerous speed.” The trend over…