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As U.S. jobs disappear, the Federal Reserve returns to rate cuts
It’s getting harder to find work in the United States. U.S. businesses added just 22,000 jobs from July to August, according to the Bureau of Labor Statistics, and massive revisions to federal jobs data show that the pace of hiring was notably low in summer 2025. “Gone are the days of 200,000 jobs every month,” said Gregory Daco, chief economist at consulting firm EY-Parthenon. “We’re likely to be in an environment where job growth is hovering around zero, essentially.” Experts said the slowdown in hiring is most potent for younger workers. That cohort is also entering the job market as companies ...
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