The U.S. labor market is hitting the brakes, with job growth sputtering and the unemployment rate climbing to a near four-year high of 4.3% in August, according to a Reuters report. The economy added a mere 22,000 jobs, far below expectations, while June saw its first job losses since 2020. Economists point fingers at President Trump's tariffs, immigration crackdowns, and federal job cuts, which are strangling hiring and fueling fears of economic stagnation. With the Federal Reserve poised for a likely interest rate cut this month, the labor market's slowdown—marked by longer unemployment spells and fewer opportunities—has Wall Street on edge and recession whispers growing louder.

How significantly do you think President Trump's tariffs are contributing to the labor market's slowdown, and could this measure have unintended long-term consequences? Let us hear your thoughts below. 👇

Link to article: https://www.reuters.com/business/us-unemployment-rate-near-4-year-high-labor-market-hits-stall-speed-2025-09-05/