Women Claim 98% of New Jobs in US

In August, the U.S. economy added 162,000 jobs, a figure that exceeds most economists' expectations of around 55,000 jobs, with women accounting for 98% of the increase, approximately 158,000 jobs, while men only gained about 4,000 jobs. This data is part of a broader shift in the labor market, where women have surpassed men in total employment for the third time in history, especially in sectors such as healthcare and hospitality, which experienced significant growth. Conversely, sectors like manufacturing are facing a recession. A large part of this change is attributed to seasonal factors and structural shifts, but the overall strength of the labor market has led to expectations of a US interest rate hike in September, despite slowing wage growth and increasing concerns about inflation.

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