Tangle Latest job numbers cause fresh economic concern.
Sep 9, 2025
The latest jobs report reveals mixed signals as nonfarm payroll employment rises by just 22,000, while unemployment ticks up to 4.3%. The healthcare sector shows some growth, but declines in government and manufacturing are alarming. Recent revisions show significantly fewer jobs added than expected, fueling economic concerns. The podcast also discusses the impact of tariffs on major manufacturers and examines how job numbers have shifted under different administrations. Insightful commentary highlights the political implications surrounding these economic trends.
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Jobs Report Signals Cooling Market
- The August jobs report showed only 22,000 payroll gains and rising unemployment, signaling a cooling labor market.
- Economists view this as increasing the likelihood of a Federal Reserve rate cut in September.
Big Downward Revisions Raise Alarm
- Revisions and separate BLS updates show far fewer jobs added over the past year than previously estimated.
- That downward revision intensified concerns about labor-market health and monetary policy decisions.
Tariffs Cited As Headwind For Manufacturing
- Right-leaning commentators linked job losses to Trump's tariffs and higher costs for industries like manufacturing.
- They argued tariffs create uncertainty and act like taxes that can hurt growth and hiring.