Employers added only 22,000 jobs in August, and the unemployment rate rose slightly to 4.3 percent. Revised data also showed that employment fell by 13,000 jobs in June, the first net loss since December 2020.
The release of a second consecutive poor jobs report on Friday confirmed the reality that President Trump has been trying to avoid. The labor market is stalling -- and the nation is facing real strains -- under the weight of his economic agenda.
-- The New York Times (@nytimes.com) Sep 5, 2025 at 9:15 PM
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Trump's economic guru Kevin Hassett is expecting those crappy numbers to "revise up" (www.cnbc.com).
Of course he is.
When Hassett was asked if he was concerned about a sluggish hiring rate, he responded with a personal anecdote.
"Members of my family have been hired," he said.
"Both of them started their new jobs about a week ago. And so you are seeing that people are being hired."
Incel Scatberg said that hiring was going to skyrocket under the bankruptcy-prone nonce. What gives?
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