2025-09-30
September NFP
3/10/2025 (Fri)
Previous: 22k Forecast: 50k
Job creation sputtered in August, adding to recent signs of labour market softening. Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to BLS data.
While the pace of hiring was slow, average hourly earnings saw the annual gain of 3.7% - slightly below the forecast for 3.8%. That was due to a payroll reduction in the federal government.
Employment in June and July combined was 21,000 lower than previously reported. The report has raised alarms as to how Trump's tariff policies, and stricter enforcement of immigration rules impact economy.
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