Why the U.S. job market remains resilient in face of global pressures and inflation
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- The U.S. economy added 162,000 jobs in August, exceeding economists’ expectations, while unemployment held at 4.1%.
- The Labor Department revised July’s employment figures upward as the Federal Reserve prepared to consider interest rates.
The U.S. job market rebounded in August, adding 162,000 jobs in a result that exceeded economists’ expectations. The unemployment rate remained at 4.1%.
The Labor Department also revised its July employment figures upward, adding to the strength of the latest report.
The data came as the Federal Reserve prepared to weigh interest rates. Geoff Bennett discussed the job market and the broader economic pressures with Roben Farzad, host of “Full Disclosure.”
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Originally published by PBS NewsHour. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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