52 Months of Job Growth Just Ended: What It Means for Employers

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TLDR Key Insights: The U.S. added just 22,000 jobs in August, with gains concentrated in the healthcare and leisure and hospitality sectors. Healthcare hiring is still positive but slowing. The unemployment rate rose to 4.3%, and the number of unemployed workers now exceeds the number of available jobs. Layoffs for June were revised sharply higher in the latest JOLTS report. The BLS also revised June’s employment data downward, shifting from reported gains of 14,000 jobs to losses of 13,000. These revisions marked the end of a 52-month streak of job growth. For the first time in years, job stayers

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