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The Excerpt

A disappointing new jobs report reveals a slowdown in U.S. hiring

The Excerpt

USA TODAY

Daily News, News

4.41.2K Ratings

🗓️ 6 September 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

USA TODAY Money Reporter Bailey Schulz breaks down the latest disappointing jobs report

President Donald Trump says Americans should take vaccines that are “not controversial.” 

USA TODAY National Security Reporter Cybele Mayes-Osterman tells us about the change in Army recruitment. 

President Donald Trump has changed the name of the Department of Defense. 

The Powerball jackpot hits its second-highest jackpot in history, at an estimated $1.8 billion. 

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Transcript

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0:00.0

Good morning. I'm Cody Godwin, standing in for Taylor Wilson.

0:08.6

Today is Saturday, September 6th, 2025. This is USA Today's The Excerb.

0:16.2

Today, what can a worrying new jobs report tell us about where the economy is headed?

0:21.7

Plus, the U.S. military is having a tough time with its recruiting process. And what does renaming the Department of Defense

0:27.2

to the Department of War signify? A disappointing jobs report released yesterday reveals a

0:34.0

slowdown in U.S. hiring due to uncertainty around tariffs and consumer spending.

0:38.9

Taylor Wilson spoke with USA Today Money reporter Bailey, Bailey,

0:43.9

hi, thanks for having me.

0:45.1

Thanks for joining me.

0:46.1

So how many jobs did the manufacturing industry in this country shed in August?

0:50.0

And I guess how did that compare with the broader job market?

0:52.7

So we just got the most recent jobs report from the Bureau of Labor Statistics.

0:56.7

Manufacturing jobs were down by 12,000 in August.

1:00.7

And that's sort of a continuation of this decline that we've been seeing since the most recent peak in early 2023.

1:07.5

Overall, taking a step back.

1:09.0

We are seeing some signs in the U.S. labor market as a whole,

1:12.6

just seeing signs of hiring, slowing overall.

1:15.6

So the U.S. economy added about 22,000 jobs last month in August, and that's really well below the 75,000 that economists who were surveyed by Bloomberg were expecting.

1:26.5

Meanwhile, you're seeing the unemployment

1:28.0

rate ticking up slightly, went from 4.2% to 4.3% in August. So, yeah, just some signs of

1:35.2

slowing. Well, these trends barely around domestic manufacturing jobs. I mean, they've been,

1:39.7

I guess, really decades in the making, right? This is something that has been going on quite a while, just the slip with manufacturing

...

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