Job cuts surged nearly 40 percent in August, with employers eliminating 85,979 positions, the largest August hit since 2020.
The U.S. economy added back jobs at a far slower pace in August following an early-summer jump in employment, as an initial wave of reopening hiring waned and concerns over the Delta variant increased ...
The U.S. economy added a paltry 22,000 jobs in August, adding to concerns about the health of the economy while increasing the chances of interest rate cuts by the Federal Reserve.
Concerns about inflation have increasingly turned to concerns about the job market. Last month's weaker than expected jobs report led to turmoil in stocks. The U.S. added 142,000 jobs in August, ...