After years of plentiful employment opportunities , healthy pay bumps and pandemic savings-fueled spending sprees, American workers now face a sobering economic reality: It’s getting harder and harder to find work, and more and more industries are shedding jobs.
The latest jobs report , released Friday, indicated that the US economy added about 22,000 jobs in August and the unemployment rate ticked up to 4.3%, the highest it’s been in nearly four years.
The job market is “stalling,” Glassdoor economist Daniel Zhao told CNN on Friday, “it’s slowing to a dangerous speed.”
Job growth is practically nonexistent.
And if the labor market is showing signs of a cold , that doesn’t bode well for the overall health of the economy.
Here’s a rundown of the latest data, and how the situati