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US jobs growth slows and unemployment rises
The August jobs report in the United States showed a slowdown in job growth exceeding expectations, with non-farm employment increasing by just 29,000 jobs, compared to an anticipated rise of 90,000. Nevertheless, there are no signs of widespread layoffs, and the unemployment rate rose to 4.2%, a low level. However, challenges stem from rising prices and wartime tensions, which could impact the labor market in the future. The Federal Reserve raised interest rates to a range of 3.75% to 4.00%, with the possibility of further increases, though expectations of an economic slowdown still remain.
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