August 2022 Jobs Report
The economy added 315,000 jobs in the month, just below the Dow Jones estimate of 318,000. The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expected, largely due to a rising labor force participation rate. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for financial reasons rose to 7% from 6.7%. related investment news The summer return to the market was a rebound in the textbook market, history shows Wages continued to rise, albeit slightly less than expected....