Lower US job gain in August could aid Fed's inflation fight
A hiring sign is displayed outside of a Starbucks in Schaumburg, Ill., Friday, April 1, 2022. America's employers added a healthy number of jobs last month, Friday, Sept. 2, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation. The economy gained 315,000 jobs in August, a still-solid figure that pointed to an economy that remains resilient despite rising interest rates, high inflation and sluggish consumer spending. (AP Photo/Nam Y. Huh)
WASHINGTON (AP) — America's employers added a healthy number of jobs last month, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation.
The economy gained 315,000 jobs in August, a still-solid figure that pointed to an economy that remains resilient despite rising interest rates, high inflation and sluggish consumer spending...
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