Topline
The U.S. economy added 187,000 jobs in August, Labor Department data released Friday showed, a hopeful sign for investors and Americans looking for the Federal Reserve to ease up on interest rate hikes.
The Labor Department released jobs data on Friday, and the over 21,000 striking workers could have … [+]
Key Facts
The U.S. added 187,000 jobs to the economy in August, according to Labor Department data released Friday morning, outperforming economists’ expected 170,000 additional jobs.
The unemployment rate now sits at 3.8%, up from 3.5% in July when 5.8 million people were unemployed.
Key Background
Jobs data comes after a report released Wednesday by ADP Workforce showed job growth slowing 40% month-over-month and only 177,000 jobs added in August, which helped stocks slightly rise.
This is a breaking news story and will be updated…