The job market continues to expand at a healthy clip as U.S. heads into Labor Day

A 'Now Hiring' sign is displayed outside a check cashing shop in Los Angeles on June 2, 2023. Employers added 187,000 jobs in August, while the unemployment rate rose to 3.8%.Employers added 187,000 jobs last month, marking a modest pickup from the previous month, the Labor Department said on Friday, with health care, hospitality, and construction among the sectors that added the most jobs.Trucking, however, showed a loss of jobs, due to the shutdown of the Yellow trucking company.

The unemployment rate rose in August to 3.8 percent, though that was mainly because more than 700,000 new people joined or re-joined the workforce.The labor market has shown gradual cooling in recent month, but workers are still in strong demand.

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U.S. employers added a solid 187,000 jobs in August in sign of still-resilient labor marketThe nation’s employers added a healthy 187,000 jobs in August in a sign of a still-resilient labor market despite the high interest rates the Federal Reserve has imposed.
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