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Jobs report shows jump in unemployment as market gradually cools

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Unemployment jumped from 3.5% to 3.8% this month, a sign that the job market is cooling. The market also added 187,000 jobs. The Biden administration said this showed more people joining the workforce. Meanwhile, the Federal Reserve is considering another interest hike amid soaring inflation. Christina Ruffini reports.

 

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US companies added 187,000 jobs in August as unemployment rises to 3.8%The federal government said that the unemployment rate rose to 3.8%.
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