US employers added 315,000 jobs in August, far fewer than in July, as fears mount that the job market is headed for a slowdown.
The unemployment rate rose to 3.7% from 3.5%, according to the US Department of Labor.
The report draws on recent data showing that the world’s largest economy continues to shrink.
The US Federal Reserve is raising interest rates to curb inflation.
- US stocks fall on looming interest rate hikes
- The US economy is shrinking again, triggering fears of a recession
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