The U.S. labor market showed weaker-than-expected growth in August, with only 22,000 jobs added, according to the Bureau of Labor Statistics.

The U.S. dollar weakened sharply on Friday following the release of labor market data that showed job growth in July fell short of expectations, signaling potential cooling in the U.S. economy.

U.S. job growth slowed slightly in May but still outpaced expectations, signaling resilience in the labor market amid growing economic concerns.

In October, the U.S. labor market experienced its slowest job growth since late 2020, adding just 12,000 jobs due to disruptions from storms in the Southeast and an ongoing Boeing strike, News.Az reports citing foreign media.

The U.S. unemployment rate jumped to near a three-year high of 4.3% in July amid a significant slowdown in hiring, heightening fears the labor market was deteriorating and potentially making the economy vulnerable to a recession.