Nick Rummell

MANHATTAN (CN) — The U.S. economy added a measly 22,000 jobs last month, well under the 75,000 expected by forecasters, while revisions brought the previous two jobs reports down even further.

The unemployment rate inched up again to hit 4.3%, according to the August employment situation summary by the Bureau of Labor Statistics. While the jobless rate is in line with expectations it continues the trend of the last few months.

Revisions to the two previous reports showed an additional 21,000 jobs lost — July’s jobs report was revised up by 6,000 jobs, but June’s was revised down by an additional 27,000 jobs. The total leaves June’s jobs report as a negative due to previous revisions.

Experts reacted with shock. Bradley Saunders, North America economist at Capital Econo

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