The U.S. added a robust 315,000 new jobs in August, showing that businesses still have a big appetite for labor even as the economy slows and worries about a recession grow.
The increase in hiring basically matched Wall Street estimates. Economists polled by The Wall Street Journal had forecast 318,000 new jobs.
The unemployment rate, meanwhile, rose to 3.7% from 3.5%, the government said Friday, mostly because more people entered the labor force in search of work. The jobless rate last month matched a 50-year low set in 2019 shortly before the outbreak of the coronavirus.
