Analysis of US Jobs Report for August

🚩 BREAKING: Today’s jobs report reminds us to please proceed with caution. Just 𝟏𝟒𝟐,𝟎𝟎𝟎 𝐣𝐨𝐛𝐬 𝐚𝐝𝐝𝐞𝐝 when 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐬𝐭𝐬 expected 𝟏𝟔𝟓,𝟎𝟎𝟎.If you ask me... I think the most worrying factor is that the decline in theunemployment rate appears to be mostly the result of people returning from temporary layoffs. Quick Breakdown:• Jobs Added: 142,000 (versus 165,000 expected)• Healthcare Jobs: +31,000• Construction Jobs: +34,000• Downward Revision for June/July: -86,000• Unemployment Rate: 4.2% (down by 0.1%)• Labor Force Participation: Flat at 62.7%• Rate Cut Likely: Fed leaning toward lowering the federal funds rate

The initially reported numbers have consistently been revised down in subsequent months - meaning August probably will be as well! Let alone, the annual revision. It’s going to be bad. Will healthcare and construction hold the line, with 31,000 and 34,000 jobs added? Is that enough to keep the broader market afloat? I'm not sure. 𝐓𝐡𝐞 𝐮𝐧𝐞𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐫𝐚𝐭𝐞 𝐝𝐢𝐩𝐩𝐞𝐝 𝐭𝐨 𝟒.𝟐%, 𝐛𝐮𝐭 𝐭𝐡𝐚𝐭’𝐬 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐩𝐞𝐨𝐩𝐥𝐞 𝐫𝐞𝐭𝐮𝐫𝐧𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐭𝐞𝐦𝐩𝐨𝐫𝐚𝐫𝐲 𝐥𝐚𝐲𝐨𝐟𝐟𝐬 𝐭𝐡𝐚𝐧 𝐚 𝐬𝐢𝐠𝐧 𝐨𝐟 𝐫𝐞𝐚𝐥 𝐬𝐭𝐫𝐞𝐧𝐠𝐭𝐡. 𝐀𝐧𝐝 𝐭𝐡𝐞 𝐥𝐚𝐛𝐨𝐫 𝐟𝐨𝐫𝐜𝐞 𝐩𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐢𝐨𝐧 𝐫𝐚𝐭𝐞? 𝐒𝐭𝐮𝐜𝐤 𝐟𝐥𝐚𝐭 𝐚𝐭 𝟔𝟐.𝟕%. 𝐍𝐨 𝐦𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐭𝐡𝐞𝐫𝐞.As someone watching everything in the career ecosystem from both sides- this isn't yellow- it's red. Not today... but what's coming.

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Amanda Goodall is an executive resume writer, leadership advisor, and strategic consultant with over two decades of transformative experience. As the founder of The Job Chick, Amanda has empowered over 25,000 clients worldwide to align their potential with the right career paths. Amanda’s expertise extends to strategic PR and media campaigns for Fortune 500 companies and developing innovative AI workforce technology.