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August Jobs Report Weaker Than Expected
A softer than expected August jobs report roiled markets Friday.
The Bureau of Labor Statistics reported that the economy added only 22,000 jobs last month, and unemployment ticked up from 4.2 percent to 4.3 percent.
The manufacturing sector continued to show particular weakness, losing 12,000 jobs last month.
The US has now lost 78K manufacturing jobs this year https://t.co/TB121qG7FY— Joe Weisenthal (@TheStalwart) September 5, 2025
President Donald Trump blamed Federal Reserve Chair Jerome Powell in a social media post, repeating his argument that Powell should lower the Fed’s benchmark interest rates.
pic.twitter.com/WSJ38IQx1D— Rapid Response 47 (@RapidResponse47) September 5, 2025
Critics of the president’s economic policies blamed tariffs for raising costs and depressing economic activity.
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