US Unemployment Rate Hits 4.3%, Highest Since October 2021
US unemployment rates rose in August 2025 to 4.3%, their highest levels since October 2021. Only 22,000 new jobs were added to the economy last month, far below forecasts. Indeed, economists had expected the report to show 75,000 jobs were created in August, with the unemployment rate forecast to rise to 4.3%, according to data from Bloomberg. JUST IN: US unemployment rate rises to 4.3%, highest since October 2021. — Watcher.Guru (@WatcherGuru) September 5, 2025 Another Disappointing US Jobs Report Over the past three months, the US economy has created fewer than 30,000 new jobs, on average. The decline led to US President Donald Trump firing the Commissioner of the Bureau of Labor Statistics in July. Diving deeper into the latest statistics, average hourly earnings rose 0.3% over the past month and 3.7% over the prior year in August. Wall Street expected hourly earnings to have increased 0.3% over the prior month and 3.7% over last year. “August’s Employment Report c...