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Economists were expecting roughly 170,000 jobs added. The unemployment rate and labor force participation rate held steady at 3.8% and 62.8%, respectively. Industries that posted the biggest job gains were leisure and hospitality , healthcare , and professional services .how the data may be bad news for consumers because a "still-robust job market means the central bank could continue to increase rates without fear of sending the economy into a recession."U.S.
The unemployment rate held steady at 3.8% last month. Employers raised pay at a solid pace as they competed for a limited pool of workers.... Hiring last month jumped from a 227,000 increase in August, which was revised sharply higher. July’s gain was also healthier than had been initially estimated. The economy has now added an average of 266,000 jobs a month in the past three months. The sustained strength of the labor market makes it likelier that the Federal Reserve will raise its...
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