"They are expected to show that companies, government agencies and nonprofits added a modest 80,000 jobs last month, according to a survey of forecasters by the data firm FactSet.That would be a slight improvement on July's 73,000 but still offer more evidence that the American job market has cooled significantly from last year."
"The unemployment rate is forecast to stay at a low 4.2% - suggesting that employers are stuck in a no-hire, no-fire mode: They are reluctant to add many new workers but don't want to give up the ones they have. But there are signs they may be starting to cut staff."
"The U.S. job market has lost momentum this year, partly because of the lingering effects of 11 interest rate hikes by the inflation fighters at the Federal Reserve in 2022 and 2023 and partly because President Donald Trump's policies, including his trade wars, have created uncertainty that leaves managers reluctant to make hiring decisions.So far in 2025, the economy has generated 85,000 new jobs a month, down from 168,000 last year and an average 400,000 a month during the hiring boom of 2021-2023 as the United States roared back from COVID-19 lockdowns."
Estimated payroll gains for August are modest, around 80,000 jobs, slightly above July's 73,000 and signaling a cooled labor market. The unemployment rate is expected to remain low at about 4.2%, reflecting a no-hire, no-fire stance where employers avoid adding staff but keep current workers. Initial unemployment claims rose to the highest level since June yet remained within a healthy range. The job-market slowdown reflects lingering effects of 11 Federal Reserve rate hikes and uncertainty from President Donald Trump's policies, including trade wars, which have made managers reluctant to hire. Average monthly hiring in 2025 is far below prior years.
Read at Fast Company
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