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