The August Jobs Report Shows the Trump Slump is Deepening
The Bureau of Labor Statistics (BLS) today released its August jobs report, confirming that the labor market is grinding to a halt. BLS reported that only 22,000 jobs were created in August, falling well short of expectations. Revised data from June now shows a net loss of 13,000 jobs—the first time the nation has reported negative job growth since the height of the pandemic.