U.S. Hiring Slows As Employers Add Just 315,000 Jobs In August

The August Jobs report revealed an addition of 315,000 jobs, slightly below Wall Street's expectation of 318,000. The unemployment rate rose to 3.7% from 3.5%. Significant job gains were seen in professional services, healthcare, and retail trade. The report was anticipated to be lower due to the Federal Reserve's interest rate hikes. The White House had also expected a cooling in job data. This report is crucial for the Fed's upcoming meeting, where another interest rate hike is expected to control inflation. Overall, the labor market shows signs of cooling but remains stable.

What was the total number of jobs added in August according to the Labor Department?

• 300,000

• 315,000

• 528,000

• 318,000

Which sectors saw the largest job gains in August?

• Manufacturing, Construction, and Education

• Transportation, Mining, and Utilities

• Professional services, Healthcare, and Retail trade

• Technology, Finance, and Agriculture

How did the August jobs report compare to Wall Street's expectations?

• It was slightly lower than expected

• It was significantly lower than expected

• It matched expectations

• It was higher than expected

What economic factor is influencing the labor market according to the report?

• Federal Reserve's interest rate hikes

• Tax cuts

• Increased government spending

• Trade agreements

What is the Federal Reserve expected to do in response to the current economic data?

• Lower interest rates

• Announce another interest rate hike

• Maintain current interest rates

• Increase government spending