Coverage dated August 30, 2022 to September 1, 2022
Economy adds 315K jobs in August, unemployment rises slightly
Headline from Hiawatha World Online
(The Center Square) – Newly released federal economic data showed improved job growth for the month of August.
Hiawatha World Online's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
U.S. employers added 315,000 jobs in August, while the unemployment rate rose to 3.7% from 3.5% in July. A tight job market gives workers more bargaining power, but it may also fuel inflation.
The U.S. economy added 315,000 jobs, slightly beating expectations in August while the unemployment rate jumped up to 3.7 percent as the number of unemployed Americans grew by 344,000 to
The Labor Department's August jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for a recession.
The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expectations. as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday.
The unemployment rate inched up in August, but only because hundreds of thousands of people started looking for work. That jump in the workforce could take some pressure off inflation.
