US added 315,000 jobs in August as strong market defies signs of worsening economy

[Google News Bot]

Numbers come as Jerome Powell says Federal Reserve intends to continue interest rate hikes to try to tamp down inflationThe US added another 315,000 jobs in August as the jobs market remained strong amid signs of a worsening economy.The US jobs market lost 22m jobs in early 2020 at the start of the pandemic but roared back after the Covid lockdowns ended. It has remained strong despite four-decade-high rates of inflation and slowing economic growth. In July, the US unexpectedly added 526,000 new jobs, restoring employment to pre-pandemic levels. Continue reading... ...

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