The economy added 315,000 jobs, showcasing a labor market that is still strong
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. job market remains unusually hot heading into the Labor Day weekend. But there are signs of a refreshing breeze.
Employers added 315,000 jobs in August, according to . The unemployment rate rose to 3.7% from 3.5% in July, but only because nearly 800,000 new people entered the workforce. Employment gains for June and July were revised down by a total of 107,000 jobs.
