US job growth weakened sharply in August while the unemployment rate increased to 4.3 per cent, confirming that labour market conditions were softening and sealing the case for an interest rate cut from the Federal Reserve this month.
Nonfarm payrolls increased by only 22,000 jobs last month after rising by an upwardly revised 79,000 in July, the Labour Department’s Bureau of Labour Statistics said in its closely watched employment report
