Part 2/10:
Specifically, employment growth slowed substantially in August, adding only 22,000 jobs—the worst since the depths of pandemic recovery. Unemployment ticked up to 4.3%, the highest in two years. Moreover, previous months' data were revised downward, erasing nearly a million jobs from earlier estimates between April 2024 and March 2025, revealing that the job market has been weakening for longer than initially thought.