US employers added a solid 187,000 jobs in August in sign of a still-resilient labor market

WASHINGTON (AP) — The nation’s employers added a healthy 187,000 jobs in August in a sign of a still-resilient labor market despite the high interest rates the Federal Reserve has imposed. The job increase marked an increase from July’s revised gain of 157,000 but still pointed to a moderating pace of job growth compared with earlier this year. The unemployment rate rose from 3.5% to 3.8%, the highest level since Feb. 2022 though still low by historical standards. A decelerating job market could help shift the economy into a slower gear and reassure the Federal Reserve that inflation will continue to decelerate.