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US: U.S. job growth slows sharply in August as payrolls rise just 22,000, missing forecasts

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Storyline: U.S. job growth slowed sharply in August, with non-farm payrolls rising by just 22,000, well below the 75,000 jobs economists had expected and down from July’s gain of 73,000, according to Labor Department data released Friday. Meanwhile, the unemployment rate rose to 4.3 percent, the highest level since December 2021, underscoring signs of a cooling labor market. Economists largely attribute the weaker labor market to policy uncertainties stemming from U.S. President Donald Trump’s import tariffs and immigration crackdowns, which have reduced labor supply and made businesses more cautious. The slowdown bolsters the case for a Federal Reserve rate cut this month, although inflation remains a concern. Shotlist: FILE: Philadelphia, USA - Oct 2024: 1. U.S. national flag FILE: New York City, USA - Oct 2024: 2. Various of pedestrians, traffic, buildings FILE: Los Angeles, California, USA - 2020: 3. Staff at supermarket 4. Staff, shoppers at cashiers FILE: New York City, USA - Nov 2022: 5. Customers dining, chatting, ordering in restaurant 6. Customers paying bill 7. Cashier counting money FILE: New York City, USA - Date Unknown: 8. Various of workers packing goods at Amazon warehouse FILE: Ohio, USA - Date Unknown: 9. Various of workers in auto glass production factory FILE: Racine, Wisconsin, USA - December 2019 (CGTN - No access Chinese mainland) 10. Various of workers in farming machinery factory FILE: USA - Exact Location and Date Unknown: 11. Various of bus production line FILE: North Las Vegas, USA - 2022: 12. Various of workers on production line, machine in operation. [Restrictions : No access Chinese mainland]

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