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The US Unemployment Rate has jumped to 4.3% (up from 4.2% in July), hitting its highest level of joblessness since October 2021. This isn't just a slight bump—the number of unemployed Americans is now a staggering 7.38 million (up by 148,000 in one month). Even more concerning: The broader measure of joblessness (U-6 rate), which includes discouraged and underemployed workers, shot up to 8.1%! With Non-Farm Payrolls nearly stalling at just 22,000 new jobs, the labor market is clearly losing stea
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