August Jobs Report Shows U.S. Added 315,000 Jobs
Posted on AllSides September 2nd, 2022
From The Center
PHOTO: JOHN SMITH/VIEWPRESS/GETTY IMAGES
U.S. employers added 315,000 jobs in August, a slower but still solid pace in a tight labor market, and the jobless rate rose to 3.7%.
The August payrolls total marked a pullback from the prior month’s revised 526,000 jobs, the Labor Department said Friday.
Job growth has been resilient this year, despite a contraction in the overall economy in the first half of 2022 and aggressive interest rate increases by the Federal Reserve.
Employers added an average 378,000 jobs in the past three months, well above the prepandemic trend but a slowdown...
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