US Job Growth Stalls in Surprising August Report | Reaction

The August jobs report is in, and it shows 22,000 jobs added, a sharp drop from July’s 70,000+. Unemployment ticked up to 4.3%, federal government jobs fell, and manufacturing continues to lag.

In this Your Money Matters segment, News On 6’s Dave Davis breaks down the latest data from the Bureau of Labor Statistics and explains what it could mean for Oklahoma families, the national economy, and the political fallout after last month’s controversy that led to the firing of the BLS Commissioner.

Key takeaways include:

Federal government jobs down 15,000 in August, nearly 100,000 since January.
Manufacturing jobs flat in August, but down 78,000 year-over-year.
The health care sector is strong, adding 31,000 jobs.
Why economists caution that these numbers may still be revised.
How uncertainty over tariffs and interest rates is shaping employer hiring decisions.

Chapters
00:00 – Introduction: Breaking down the August jobs report
00:29 – Why this report matters after last month’s controversy
01:16 – 22,000 jobs added, unemployment at 4.3%
02:25 – Sector analysis: government cuts, manufacturing losses, health care gains
03:34 – White House reaction still to come
04:23 – Job revisions and historical context
04:50 – Tariffs, interest rates, and other factors influencing hiring
05:06 – Wrap-up and what to watch for next

Stay tuned for reaction from the White House and ongoing coverage from News On 6.

#tulsa #oklahoma #newson6 #localnews #tulsaok

Stay caught up with the latest news, weather, and sports in the Tulsa metro and Northeast Oklahoma with News On 6!
Latest: https://www.newson6.com
Facebook:   / newson6  
X: https://x.com/NewsOn6
Instagram:   / newson6kotv  
Download the News On 6 app from the Apple Store: https://apple.co/3FFuuF1
Download the News On 6 app from the Google Play Store: https://bit.ly/43Tx4kK