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The latest jobs report provides a snapshot of a weakening labor market.
Plus,
why the arrest of hundreds of South Korean nationals in Georgia could disrupt trade negotiations between the U.S. and a key ally.
This has thrown a lot of uncertainty and questions into an already complex and ambitious investment plan by South Korea.
And Tesla's board proposes paying CEO Elon Musk as much as $1 trillion in stock over the next decade.
It's Friday, September 5th.
I'm Alex O'Sullivan for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
New data from the Labor Department showed that the U.S. added 22,000 jobs in August.
That's below the gain of 75,000 jobs economists pulled by the Wall Street Journal had expected to see.
Rachel Ensign covers economics for the journal and is here now with more.
Rachel, 22,000 jobs sounds a little low to me.
Just how bad is this?
Well, it is definitely pretty significantly below what economists were expecting.
They were expecting 75,000 jobs and even that was a pretty big step down from job growth over the last few years.
There was this huge post-COVID boom,