Bureau of Labor Statistics Report Shows 22,000 Jobs Added in August

What Happened?

A Bureau of Labor Statistics (BLS) job report found that the U.S. economy added 22,000 jobs in August, far fewer than the 75,000 that had been expected. The report also found that unemployment had increased to a four-year high of 4.3 percent. During the past three months, the U.S. economy has created on average around 30,000 jobs per month, with June showing a net loss of 13,000 jobs according to the BLS data.

The report, released on Friday, September 5^th, comes on the heels of President Trump’s firing of the previous director of the BLS. 

Why it Matters

The BLS report was bad news for the U.S. economy and for the Trump Administration. ‘August's Employment Report confirmed that the labor market has headed off a cliff-edge,’ Capital Economics North America economist Bradley Saunders said just after the report’s release. ‘The warning bell that rang in the labor market a month ago just got louder,’ said Olu Sonola, head of U.S. economic research at Fitch Ratings. 

The Freedom Dividend Might Cost You Big

They’re calling it ‘the Freedom Dividend.’

Free checks, no strings – paid out to people just doing what they already do on their phones: play games, use apps, and listen to music.

Tech titans like Elon Musk, Sam Altman, and Mark Zuckerberg are all pushing for Universal Basic Income because they know jobs are disappearing due to AI.

But here’s what everyone glosses over: Someone has to pay for it.

And if you’re accredited, wealthy, or asset-heavy… that “somebody” is probably you.

Unless…

You put yourself on the other side of the UBI equation.

Mode Mobile is already doing what governments can’t, and using attention as currency (instead of employment) to distribute income.*

Mode’s ecosystem turns screen time into cash flow, with 50M users that have earned over $325M to prove it.

They were crowned as 2023’s #1 fastest growing software company by Deloitte, after their revenue soared by an eye-popping 32,481%.

Their last two rounds were over subscribed at $0.30/share and space in the current round is limited.

And investors still have a window to get in before this becomes the template for post-AI income redistribution.

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The report also showed there were more unemployed people in the United States than job openings for the first time in four years. Why has job creation slowed so much in the past several months? One possibility is that the Trump Administration’s immigration crackdown has shrunk the labor pool, while sweeping tariffs have resulted in increased costs causing firms to pull back from hiring. Tariff rates are now at their highest point since 1934, which was nearly the peak of the Great Depression.

The job report suggests that the Trump Administration’s tariffs may have harmed the U.S. economy more than they’ve helped it. While tariffs have resulted in increased government revenue, that has come at the expense of private sector growth and stability. Retaliatory tariffs from trading partners abroad have impacted nearly every segment of the U.S. economy, but especially those portions that rely on exports for business.

As just one example, U.S. exports of alcoholic beverages to Canada have plummeted due to a Canadian boycott of U.S. products. The boycott is part of widespread public anger at the U.S. for the Trump Administration’s tariffs. Import losses are also still rippling through the U.S. economy, from lost truck driving jobs from ports to higher consumer prices on store shelves.

A tariff is just another name for a tax, and the massive tax increases on goods levied by the Trump Administration have likely caused substantial economic upheaval in the United States and abroad.

How it Affects You

With the fate of the Trump Administration tariffs now in the hands of the U.S. Supreme Court, their future is uncertain. Each time during the past several months when tariffs were lifted or lowered, the market responded positively, giving clear indications that the private sector thinks tariffs are bad for business.

*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.

The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.

Please read the offering circular and related risks at invest.modemobile.com.

In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Mode Mobile has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained here: https://www.sec.gov/Archives/edgar/data/1748441/000164117225025402/ex99.pdf