The US economy continues to add 315,000 jobs

In August, the economy created 315,000 new jobs, while the unemployment rate increased to 3.7%

The Bureau of Labor Statistics states

One week after Fed Chair Jerome Powell triggered the release of the report

Stocks fell after he promised to raise interest rates "until the job is done" to combat inflation

The hiring in July was more substantial than it had been throughout the first half of 2022

wherein the economy created 461,000 jobs per month on average

On the last day of July, there were 11.2 million more job vacancies than there had been a month earlier

Even as the Fed works to reduce inflation, the labour market has resisted the central bank's efforts to slow down the economy

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