Job growth stalls: US economy added just 22,000 jobs in August and unemployment rose to highest level since 2021

The US job market is stalling out.

Job growth slowed to a crawl in August, and the unemployment rate rose to its highest level in nearly four years, indicating the US labor market is growing stagnant.

The economy added just 22,000 jobs last month and the unemployment rate rose to 4.3% from 4.2%, according to the Bureau of Labor Statistics.