{"id":4005,"date":"2025-09-05T15:56:07","date_gmt":"2025-09-05T15:56:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/4005\/"},"modified":"2025-09-05T15:56:07","modified_gmt":"2025-09-05T15:56:07","slug":"anemic-job-creation-confirms-workers-anxieties-economists-say","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/4005\/","title":{"rendered":"\u2018Anemic\u2019 job creation confirms workers\u2019 anxieties, economists say"},"content":{"rendered":"<p>        <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.hrdive.com\/static\/img\/play.svg?500116090725\" alt=\"\"\/><br \/>\n        Listen to the article<br \/>\n        2 min<\/p>\n<p>            This audio is auto-generated. Please let us know if you have <a href=\"https:\/\/www.hrdive.com\/contact\/\" rel=\"nofollow noopener\" target=\"_blank\">feedback<\/a>.<\/p>\n<p>The U.S. jobs market may be stalling \u2014 and could miss the long-promised \u201csoft landing,\u201d economists said.<\/p>\n<p>Total nonfarm payroll employment rose by only 22,000 in August, according to the U.S. Bureau of Labor Statistics, and the unemployment rate increased slightly to 4.3%.<\/p>\n<p>Additionally, the previous months\u2019 gains were revised down again. June\u2019s numbers slipped into the negative to instead reflect a loss of 13,000 jobs that month, the first recorded loss since December 2020.<\/p>\n<p>\u201cThe job market is stalling short of the runway. The labor market is losing lift, and August\u2019s report, along with downward revisions, suggests we\u2019re heading into turbulence without the soft landing achieved,\u201d Daniel Zhao, Glassdoor\u2019s chief economist, said in a statement.<\/p>\n<p>The U.S. has not seen job numbers slow at such a rate in the first eight months of the year since 2010, Laura Ullrich, Indeed\u2019s director of economic research for North America, said in a statement.<\/p>\n<p>\u201cThis anemic pace of job creation is not enough to keep unemployment from rising \u2014 a disturbing development in an environment where job openings, in addition to hiring, also remain weak,\u201d Ullrich said.<\/p>\n<p>This BLS report is the first to debut after <a href=\"https:\/\/www.pbs.org\/newshour\/show\/firing-of-labor-statistics-head-undermines-trust-in-key-data-ex-trump-official-warns\" rel=\"nofollow noopener\" target=\"_blank\">President Donald Trump fired former Bureau Commissioner Erika McEntarfer<\/a> over massive revisions in last month\u2019s report.<\/p>\n<p>But this year\u2019s data \u201ctells a story that worker sentiment saw coming long before official numbers caught up,\u201d Mischa Fisher, economist at Udemy, said in a statement. \u201cJob seekers and employees were living the reality of a dramatically weakened hiring environment. Today&#8217;s report and the accompanying prior-month&#8217;s revisions finally confirms they were right.\u201d<\/p>\n<p>Trump\u2019s global trade policy, for example, has prompted <a href=\"https:\/\/www.hrdive.com\/news\/front-line-workers-say-they-are-stressed-about-us-trade-policy-changes\/747114\/\" rel=\"nofollow noopener\" target=\"_blank\">worker anticipation of layoffs<\/a> since earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback.&hellip;\n","protected":false},"author":2,"featured_media":4006,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[138,232,111,139,69],"class_list":["post-4005","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jobs","tag-business","tag-jobs","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/4005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=4005"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/4005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/4006"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=4005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=4005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=4005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}