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Breaking: U.S. Economy Adds 315,000 Jobs in August, Unemployment Rate Ticks Up
Reviewed by Diogenes
on
September 02, 2022
Rating:
The U.S. economy added 315,000 jobs and the unemployment rate rose by .2 percentage points to 3.7 percent during the month of August, according to data released by the Bureau of Labor Statistics on Friday.
Job growth had been expected to come in at around 300,000 after the economy added 526,000 jobs in July.
The unemployment rate increased in spite of the job growth as more Americans reported that they were entering the labor force.
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