publication
2025-09-05 19:30
update
2025-09-05 20:08
August statistics from the American labor market turned out to be clearly worse than the expectations of economists. Employment barely increased, and the unemployment rate went up. The searches mixed up again.
The number of jobs in non-farm Payrolls in August 2025 was only by 22,000 higher than a month earlier – the Government Office of Labor Statistics (BLS) informed. It was a result clearly worse than the market consensus at 75,000. Employment in the sector
Private increased by 38 thousand full -time
NFP statistics for July were poor. The case was further deteriorated by a powerful revision of the results for June and May, which in total took nearly a quarter of a million jobs. Apart from the period of sanitary lockdown, it was the largest such revision since 1979. This report cost the position of the head of BLS, who was quickly released by President Donald Trump.
Also June “Payrolls” turned out to be weaker than May, when 147 thousand arrived in the US economy. full -time jobs (but only +14,000 after the August revision!). In turn, the May result in the form of 139 thousand He was revised a month ago to just 19,000 against 158 thousand. (after searches) recorded in April.
The average for eight months of 2025 decreased to XXX thousand. It is less in nearly 200,000 On average in 2024 and definitely less than 240 thousand. For 2023. On the other hand, in Postlockown 2022, as a result of breaking with the sanitary regime, there were more than 381,000 on average. full -time jobs.
Also now the searches mixed up a lot. The result for July was changed from 77 thousand. at 79 thousand – So not much. But the result for June was reduced from +14 thousand. on -13 thousand The average for eight months of 2025 decreased to 75 thousand. It is less in nearly 200,000 On average in 2024 and definitely less than 240 thousand. For 2023. On the other hand, in Postlockown 2022, as a result of breaking with the sanitary regime, there were more than 381,000 on average. full -time jobs.
Noteworthy is the systematic decline in employment in industry, where the number of full -time jobs shrunk in the fourth month in a row. Ptroses also lost in construction, wholesale trade, finance, public utilities and professional business services. NFP statistics were saved by growing employment in the medical and social industry (+46.8 thousand) and in the hotel and recreation (+28 thousand). The public sector reduced payroll by 16 thousand. full -time jobs.
The unemployment rate, as expected, rose to 4.3% after it increased from 4.1% to 4.2% in July. In absolute numbers, this translated into an increase in the number of unemployed (i.e. actively looking for jobs) by 148,000 with an increase in the number of working by 288 thousand. and a decline in passive population by 220 thousand. These are the results of an independent survey (BAEL), with the help of which BLS estimates the scale of unemployment.
The average hourly rate in August 2025 was USD 36.53 and was 0.27% higher than a month earlier and 3.69% higher than a year ago. The market consensus assumed an increase of 0.3% MDM and 3.7% yard. This means that wages in the US continued to grow a bit faster than the officially reported CPI inflation. The average working time remained unchanged at 34.2 hours a week.
