U.S. job growth slowed sharply in August, with non-farm payrolls rising by just 22,000, well below the 75,000 jobs economists had expected and down from July’s gain of 73,000, according to Labor Department data released Friday.
Meanwhile, the unemployment rate rose to 4.3 percent, the highest level since December 2021, underscoring signs of a cooling labor market.
Economists largely attribute the weaker labor market to policy uncertainties stemming from U.S. President Donald Trump’s import tariffs and immigration crackdowns, which have reduced labor supply and made businesses more cautious. The slowdown bolsters the case for a Federal Reserve rate cut this month, although inflation remains a concern.
U.S. job growth slows sharply in August as payrolls rise just 22,000, missing forecasts
U.S. job growth slows sharply in August as payrolls rise just 22,000, missing forecasts
China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.
The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.
According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.
In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.
China's aggregate social financing maintains high growth in 2025
