{"id":122723,"date":"2025-09-05T21:20:07","date_gmt":"2025-09-05T21:20:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/122723\/"},"modified":"2025-09-05T21:20:07","modified_gmt":"2025-09-05T21:20:07","slug":"here-are-the-warning-signs-buried-in-the-august-jobs-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/122723\/","title":{"rendered":"Here are the warning signs buried in the August jobs report"},"content":{"rendered":"

The headline numbers in today\u2019s jobs report<\/a> were pretty dismal. Job creation slowing to a crawl and the unemployment rate edging higher.\u00a0Drill down into the report, and it\u2019s not any better.\u00a0<\/p>\n

Black unemployment<\/a> was up, this month and over the last year, with nearly 350,000 more Black people out-of-work. The Hispanic unemployment rate<\/a> has also edged higher over the last few months.<\/p>\n

Overall unemployment<\/a> \u2014 that\u2019s the so-called U-6 rate, which includes people marginally attached to the labor force and part-time for economic reasons \u2014 up over 8%.<\/p>\n

And long-term unemployment<\/a> (26 weeks or more) was up above 25% of job-seekers, for the first time since the pandemic in 2021.\u00a0<\/p>\n

Let\u2019s start with Black unemployment. It was at 6.1% this time last year. Now, it\u2019s nearly 1.5% higher.\u00a0<\/p>\n

One big reason said Michele Evermore at the National Academy of Social Insurance \u2014 DOGE\u2019s cuts to the federal workforce, which is down by 97,000 since January.\u00a0\u00a0<\/p>\n

\u201cThe federal government saw the biggest losses over the year, and the federal workforce tends to be very diverse. There\u2019s also veterans\u2019 hiring preference,\u201d said Evermore.<\/p>\n

Which has also drawn a lot of workers of color to federal jobs.\u00a0<\/p>\n

Even though headline unemployment for all workers hasn\u2019t shot up nearly as much,\u00a0rising Black unemployment could be a harbinger of things to come, said Angela Hanks at The Century Foundation \u2014 in part because Black workers tend to be last-hired and first-fired.<\/p>\n

\u201cSo, when we see things like black male unemployment reaching 7%, black unemployment overall getting to 7.5%, the concern is that overall increases in unemployment are not far behind,\u201d Hanks said.<\/p>\n

Long-term unemployment has also risen a lot, with one in four unemployed workers now having been jobless for six months or longer.\u00a0<\/p>\n

One reason is pretty basic: fewer jobs to go around.<\/a><\/p>\n

\u201cFor the first time in years, there are now more unemployed workers than job openings,\u201d said Sam Kuhn at recruitment software firm Appcast. \u201cMore industries are cutting jobs, rather than adding. The last time we saw this was May of 2008, during the Great Recession.\u201d <\/p>\n

Companies just aren\u2019t recruiting as much, added Laura Ullrich at jobsite Indeed.\u00a0<\/p>\n

\u201cJob postings \u2014 they are down 6.4% from this time last year. It\u2019s not that the probability of becoming unemployed is getting much higher. But if you are unemployed, it\u2019s becoming much harder to get a job,\u201d Ullrich said.<\/p>\n

But not hopeless, she said. Some sectors are still expanding \u2014 like health care<\/a> and social assistance.<\/p>\n

\u201cThere are bright spots,\u201d said Ullrich. \u201cBut if someone has lost their job in software development, it\u2019s not easy for them to just to become a health care worker, right?\u201d\u00a0<\/p>\n

Customer service and food service is another sector that is seeing some growth.<\/p>\n

\u201cOutside of health care, actually the big bright spot right now is leisure and hospitality,\u201d said Kuhn.<\/p>\n

That being said, if you\u2019re not looking to be a doctor or you\u2019re not looking to be a bartender, it\u2019s a pretty tough time to be hunting for a job according to Kuhn.<\/p>\n

Related Topics<\/p>\n","protected":false},"excerpt":{"rendered":"The headline numbers in today\u2019s jobs report were pretty dismal. Job creation slowing to a crawl and the…\n","protected":false},"author":2,"featured_media":122724,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[68025,45,49,48,65556,124,5779,5040,68024],"class_list":{"0":"post-122723","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-black-unemployment","9":"tag-business","10":"tag-ca","11":"tag-canada","12":"tag-job-openings","13":"tag-jobs","14":"tag-jobs-report","15":"tag-unemployement","16":"tag-unemployment-numbers"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/122723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=122723"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/122723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/122724"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=122723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=122723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=122723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}