US job growth missed expectations in August amid economic uncertainty

Labor Market Overview - The U.S. economy added 22,000 jobs in August, significantly below the 75,000 estimate by economists [1] - The unemployment rate rose to 4.3% in August, up from 4.2% in July, aligning with expectations [1] Job Revisions - Job gains for June were revised down by 27,000, changing from a gain of 14,000 to a loss of 13,000; July's job creation was revised up by 6,000 from 73,000 to 79,000 [2] - Overall, employment in June and July was 21,000 jobs lower than previously reported [2] Sector Performance - Private payrolls added 38,000 jobs in August, falling short of the projected 75,000 [3] - Government payrolls declined by 16,000 jobs, with federal government employment down by 15,000 and state governments shedding 13,000 jobs [4] - The manufacturing sector lost 12,000 jobs, exceeding the estimated decline of 5,000 jobs [5] - Healthcare employment added 31,000 jobs, below the average monthly gain of 42,000 over the past year [5] - Social assistance employment increased by 16,000 jobs, reflecting growth in individual and family services [6] Labor Force Metrics - The labor force participation rate remained stable at 62.3%, while the employment-population ratio was unchanged at 59.6% [6] - Both metrics have declined by 0.4 percentage points over the year [6]