Yesterday’s News 2025 09 06

curated citations to news sources


August nonfarm job growth down to 22,000 (tiny red bar)

WSJ: Hiring Stalled in August, With 22,000 New Jobs

Revised figures show a summer slowdown, with 13,000 jobs lost in June

U.S. job growth continued to slow down in August, a sign that the labor market is deteriorating markedly.

The government also revised its numbers from earlier in the summer, and said the economy lost a net 13,000 jobs in June. It was the first such decline since December 2020.

(WSJ more…)

Moneywise: The US hits a ‘turning point’ with more unemployed workers than job openings for the 1st time since April 2021

The U.S. economy, already plagued by tariff uncertainty and inflation concerns, received a “jolt” of bad news just days after Labor Day. For the first time since the pandemic era, the monthly Job Openings and Labor Turnover Summary (JOLTS) showed that unemployment outpaced the number of available job openings.

Robert Reich: The jobs crash

When I say jobs crash I mean that employers have essentially stopped hiring. Today’s report from the B.L.S. shows that the economy added only 22,000 jobs in August (relative to the normal monthly gain of 180,000 to 200,000).

Soy Nómada: U.S. Trade Deficit Surges Beyond Expectations in July

The U.S. trade deficit witnessed an unexpected surge in July, reaching a staggering $78.3 billion. This figure significantly exceeded the anticipated $64.2 billion, marking a 32.5% increase. The primary driver behind this surge was a notable rise in imports, as businesses scrambled to stockpile goods before the implementation of new tariffs.

Raw Story: Trump Cabinet member just ‘confessed’ the president has been ‘lying’


If you add it all up, Bessent is only alleging $2.35 trillion in promised investments into the U.S. — way less than Trump’s boasts, Wheeler noted.

Time: Americans’ Energy Costs are Rising. You Can Blame Trump and Big Tech


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