US Jobs Report August 2025: NFP Miss at +22k, Unemployment 4.3%, Dow Jones Pullback at 45,711
Macro background: why this print matters now The August payrolls report delivered a major downside surprise: only +22k jobs versus a consensus of +75k. The unemployment rate edged up to 4.3%, underscoring the cooling trajectory of the labor market. July had already shown weak hiring at +73k, and the prior two months (May–June) were revised…