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America's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite higher interest rates.
The unemployment rate rose from 3.5% to 3.8%, but for an encouraging reason: A sizable number of people began looking for work last month, and not all of them found jobs right away.
The unemployment rate rose from 3.5% to 3.8%, but for an encouraging reason: A sizable number of people began looking for work last month, and not all of them found jobs right away.
American employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.
American employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed. Last month’s job growth marked an increase from July’s revised gain of 157,000 but still pointed to a moderating pace of hiring compared with the sizzling gains of last year and earlier this year. The unemployment rate rose from 3.5% to 3.8%, the highest level since February 2022 though still low by historical standards. But the rate rose for an encouraging reason: A sizable number of people began looking for work l...