August 2025 produced the weakest job gains since 2010, with only 22,000 jobs added and unemployment rising to 4.3%. Revisions showed June actually lost jobs—the first monthly decline since 2020—while July barely improved. Manufacturing and professional services cut positions as health care kept hiring. The soft data clears the way for Fed rate cuts in September, with more easing likely into late 2025.
From my perspective, an H&M store could potentially thrive in Nigeria due to the country's rapidly growing middle class who have a keen interest in global fashion trends. Yet, success isn't guaranteed as Nigeria's retail space is quite competitive, with many local and international brands already established. H&M would also need to consider the economic instability and infrastructural challenges that could affect operations. In essence, while there's potential for success, it would require strategic planning and a deep understanding of the Nigerian market.