Jobs Report Signals Continued Rate Hikes, But…

CommentaryAugust jobs printed at 315,000 new jobs, somewhat above the consensus estimate of 300,000 jobs. It was more than 200,000 fewer jobs  than were created in both July 2022 and August 2021. June and July revisions combined to create 107,000 fewer jobs than were previously reported. It is generally believed that 200,000–250,000 jobs are required to accommodate population growth.
The unemployment rate was 3.7 percent, up 0.2 percentage points from …