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September 01, 2020 1:29pm
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US economy adds 187,000 jobs in August, but unemployment rate unexpectedly jumps

The August jobs report released Friday provided a key look at the labor market's health amid the Federal Reserve's aggressive interest rate-hike campaign.

U.S. job growth cooled in August, a sign the labor market is finally beginning to slow in the face of rising interest rates, declining economic growth and chronic inflation.

Employers added 187,000 jobs in August, the Labor Department said in its monthly payroll report released Friday, slightly beating the 170,000 jobs forecast by Refinitiv economists. 

This is a developing story. Please check back for updates.

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