US recession soon? Economists alarmed as 22,000 jobs added in Aug, unemployment at highest in nearly four years

The US added 22,000 jobs in August, according to data from the U.S. Bureau of Labor Statistics. That figure showed a sharp decrease from 79,000 jobs added in the previous month. The unemployment rate ticked up to 4.3%, but it remained at a historically low level. Economists have sounded alarm over job markets in US, fuelling speculation whether US is close to a recession.