The economy continues to be an ongoing source of struggle for many Americans. The reality is that the rates of interest and inflation are consistently outpacing the average earnings of most people. Keeping up is often easier said than done.

This has created a situation where people have to either cut their expenses, look for extra work, or do both.

Though with more businesses beginning to lay off workers, securing additional employment is becoming more and more challenging. Unfortunately, middle-class and working-class workers keep losing their jobs at a time when they desperately need them.

More grim news comes from the Bureau of Labor Statistics' August report, where unemployment rose, despite an increase in overall jobs.

What to know about last month's jobs report

In August, the United States economy added a total of 187K jobs. In spite of this, the country's unemployment rate rose to 3.8% after previously standing at 3.5% in July.

The most significant factors that impacted the spike in joblessness are anticipated interest rate hikes and the rise of folks seeking jobs (notwithstanding some of them still maintaining employment), combined with a reduction in employed individuals.

On top of this, companies like T-Mobile announced upcoming layoffs in August, hence contributing to the demand of folks seeking job opportunities. Additional data tracking employment last month also revealed a cut in warehousing and transportation positions.

Buckle up, America

Unfortunately, all signs indicate that much of the United States will continue to struggle economically. The possibility of more jobs being automated out is another factor that may contribute to the rise of unemployment later down the line.

On the other hand, some officials are trying to see the bright side of last month's jobs report. Earlier today, the Biden administration released a statement, contending that the economy is in the process of building from the "bottom up" and "middle out," rather than the "top down."

Notwithstanding this spin, much of the country remains displeased with the current White House's management of the economy. For instance, a poll from AP-NORC revealed only 36% of adults in this country favor Biden's economic management style.