Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children
The Ministry of Health in Gaza: Gaza's hospitals recorded six deaths due to starvation and malnutrition in the past 24 hours, all of them adults
Informed sources to Al Mayadeen: A new chapter in relations between Iran and the International Atomic Energy Agency will begin within the framework of the new law passed by Parliament
Informed sources to Al Mayadeen: The talks will focus on the political aspect, and the agency's delegation will not be accompanied by any inspector
Informed sources to Al Mayadeen: An IAEA delegation will visit Tehran next week to discuss mechanisms for implementing the parliament's law suspending cooperation with the agency
Palestinian media: Herds of Israeli settlers storm the al-Aqsa Mosque and perform Talmudic rituals in it
Al Mayadeen's correspondent in Gaza: 15 martyrs were transferred to hospitals in the Gaza Strip in the past few hours as the Israeli occupation continues its aggression on the camps of the displaced
Al Mayadeen's correspondent in Gaza: 38 were killed since dawn on Saturday, as the Israeli occupation army targeted aid seekers at distribution sites
Palestinian Red Crescent: One martyr, several injuries among our teams after the occupation bombed the association's headquarters in al-Amal neighborhood, west of Khan Younis.

US employment slows in August, unemployment rises

  • By Al Mayadeen English
  • Source: Agencies
  • 2 Sep 2022 19:02
3 Min Read

American employers curtailed hiring in August following an unexpected surge the previous month, and the unemployment rate nudged up.

  • x
  • A hiring sign is displayed at a restaurant in Highland Park, Ill. The labor market continues to shine despite weakening elements of the US economy.(Nam Y. Huh / Associated Press)
    A hiring sign is displayed at a restaurant in Highland Park, Ill. (Nam Y. Huh / Associated Press)

US firms reduced hiring in August after an unexpected spike the previous month, and the unemployment rate nudged up, providing the central bank with some relief that its inflation-fighting measures are working, according to official data released Friday. 

The Federal Reserve is closely monitoring the progress of the hot job market, looking for indications of relaxation as it attempts to chill the economy with hefty interest rate hikes in order to tamp down inflation, which has reached a 40-year high.

While salaries continued to grow, the unemployment rate rose as more employees entered the labor force, a favorable development that may allow the Fed to settle for a modest move later this month following two consecutive major rate hikes.

Read next: 'We're hiring': US faces unemployment, no one wants to work

Despite the slowing rate, job gains have pushed employment over the pre-pandemic level, according to the Labor Department's carefully monitored monthly report.

The US economy added 315,000 jobs last month, which was in line with economists' expectations following 526,000 hires in July, according to the report. It added that the unemployment rate has risen to 3.7 percent after falling to 3.5 percent the previous month.

However, wages continued to climb in August, as average hourly earnings increased another 10 cents, or 0.3 percent, to $32.36. Over the past 12 months, worker pay has increased by 5.2 percent.

#Inflation is hitting the #US hard as prices all around the world are peaking, but minority #Americans are suffering the most from the harsh economic situation. pic.twitter.com/b30b9oIo0D

— Al Mayadeen English (@MayadeenEnglish) August 10, 2022

Related News

Notorious Palantir lands record $10bln contract with the US Army

Another US citizen killed by Israeli settler attack in West Bank

Surging prices 

Soaring prices, exacerbated by high energy prices as a result of the Ukraine war, as well as ongoing supply chain issues and Covid-lockdowns in China, have prompted the Fed to raise the benchmark borrowing rate four times this year, including two large 0.75 percentage point increases in June and July.

Read next: US consumer prices witness biggest jump in 40 years

However, the latest data "may tip the scale towards a 50-basis point rate hike" at the September 20-21 meeting, said Rubeela Farooqi of High-Frequency Economics. However, the next report on consumer price inflation also will be a key factor. 

She added, "these data are not going to change the Fed's view that policy needs to move to a restrictive stance over coming months."

In July, there were more than 11 million job openings, or two for every job seeker. 

US recession 

The United States' GDP declined in the first two quarters of 2022, which is often seen as an indication of a recession, but the strong job market defies that description.

Companies have been facing labor scarcity for months, encouraging them to offer greater wages, and driving up prices. There are also indications that businesses are "hoarding" people, or retaining seasonal workers for fear of not being able to replace them later.

The majority of #Americans are worried about paying for housing in the coming year, as inflation drives prices through the roof. The #US is suffering from the repercussions of the western-led sanctions on #Russia. pic.twitter.com/BNRYF6nx9i

— Al Mayadeen English (@MayadeenEnglish) August 17, 2022

Fed officials have stated repeatedly that they will continue to raise interest rates in order to chill the economy, even if monthly data show some signs of improvement.

Last week, Fed Chair Jerome Powell emphasized this point at a conference in Jackson Hole, Wyoming, warning of "some pain to households and businesses" as well as a "softer labor market."

  • United States
  • US recession
  • US inflation
  • Unemployment

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
An explosion seen during an Iranian missile attack on Tel Aviv, Occupied Palestine, June 13, 2025 (AP)

If Iran is attacked again, geography of response may change: IRGC spox

  • Politics
  • 30 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Starved, shot, bombed, 'Israel' finds no fault
Politics

'Israel' closes 88% of war crimes cases without charges: Watchdog

Alex Karp, CEO of the software firm Palantir Technologies, arrives as then Senate Majority Leader Chuck Schumer, convenes a closed-door gathering of leading tech CEOs, Wednesday, Sept. 13, 2023 (AP)
Technology

Notorious Palantir lands record $10bln contract with the US Army

‘March for humanity’: Protesters brave rain for Gaza on Sydney bridge
Politics

‘March for humanity’: Protesters brave rain for Gaza on Sydney bridge

A Syrian Democratic Forces (SDF) fighter stands in guard during a gathering to celebrate Nowruz, Kurdish New Year, in Qamishli, northeastern Syria, Friday March 21, 2025 (AP)
Politics

SDF asserts 'right to retaliate' against strikes near Deir Hafer

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS