US Employers Add 315,000 Jobs as More Workers Join Labor Force
Posted on AllSides September 2nd, 2022
From The Left
US employers added a healthy number of jobs in August and a steady stream of people entering the job market pushed the unemployment rate higher, pointing to an easing of labor constraints and offering mixed implications for the Federal Reserve.
Nonfarm payrolls increased 315,000 last month following a revised 526,000 advance in July, a Labor Department report showed Friday. The unemployment rate unexpectedly rose to a six-month high of 3.7%, the first increase since January, as the participation rate climbed.
Economists projected an almost 300,000 gain in payrolls and a...
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