The nation's unemployment rate rose to 3.7% from 3.5%, and the labor force participation rate ticked up 0.3 percentage points to 62.4%.The August jobs report is among the key economic data the Federal Reserve will review when it meets later this month to decide how much to ratchet up its benchmark interest rate in order to stifle stubbornly high inflation. The Fed has been battling the highest inflation in 40 years by implementing punishingly high rate hikes.
But even the slower pace of August's increase would be considered acceptable to the Fed, said Brian Bethune, an economics professor at Boston College."I don't think the Fed wants to see things suddenly decelerate, nor do they want to see things move at too rapid of a rate for the economy to adjust," he said."What the Fed wants is the Goldilocks economy. They want it to be moving along at a steady pace — but not too fast; not too hot, not too cold.
Reinstated not added
That’s funny because Biden Administration and the Dems have added no “NEW” jobs! These are people just finally taking off the mask, realizing the jab doesn’t work and that they can’t claim unemployment forever! demfailures
The economy sucks. Can you imagine everyone driving electric cars in California in the next couple years with ongoing rolling blackouts like they want? Thats not going to turn out well.
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Keep promoting your MAGA QNN
Hahaha!!!
How many ILLEGALS entered in August? How many USA citizens died from ILLEGALS bringing in drugs? How many dead in Chicago, Detroit, LA and NYC? When is the coverage of the diary and JOEY Biden showering with his daughter? Funny you never mention them!
Chris Licht please fire Jake Tapper Next
What about the other 3 million they haven’t been filled yet?
Now show WHAT KIND OF JOBS! Allow me!
Democrats want to reduce the number of new jobs to slow the rise of inflation how does this help people who are out of work the middle class should not be punished and made to pay for the incompetence of this administration
I want to see the unemployment claims? Have those gone up or down?
VoteBlueToSaveAmerica!
Full-time jobs fell by 242,000 in August 2022, 3 months straight losing from May 2022.
(Bloomberg) -- Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm. THANK YOU 46 and FED!
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Yawn by 20K jobs unemplyment went up truth is economy replaced the jobs lost during shut down and now 46 us own his won and economy tanking
Yea but nobody can afford to live…lol