The Kansas City Fed economists estimated that the economy could've added 19,000 more jobs each month, on average, from January 2025 to August 2025 without tariff effects, though they noted that there is considerable uncertainty about that estimate.

Hiring in the United States is losing momentum just as the jobless rate edges toward its highest level in roughly four years, a combination that signals a cooler but still contested labor market. The latest federal report shows only modest payroll gains ...