August adds only 22,000 jobs versus 75,000 expected, Howard Lutnick wants staff changes
August delivered a jolt the labor market could not absorb. Employers added 22,000 jobs, far below the 75,000 forecast, exposing a system that is faltering under pressure. Unemployment climbed to 4.3 percent while wage growth inched 0.3 percent month-over-month and 3.7 percent year-over-year, missing projections. Each number reflects more than performance. It reveals cracks threatening …