NTD Business (Sept. 1): US Job Market Slowing Down; FEMA Running Low on Funds

Don Ma
By Don Ma
September 1, 2023NTD Business

According to new data released Friday, the U.S. economy added 187,000 jobs in August. That number is similar to last month’s job gains, although the July total was revised down to 157,000 jobs. According to the Bureau of Labor Statistics, the August number is a slowdown from the past two years of massive job growth.

President Joe Biden is asking Congress for $4 billion more in funding for the Federal Emergency Management Agency (FEMA). That amount is on top of the $12 billion request he made last month. FEMA’s disaster relief fund is already running out of money for the year, with disasters that also include the Maui wildfires.

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