The latest jobs report shows slight rise in unemployment

The August 2022 jobs report shows an unemployment rate of 3.7%, higher than the estimated 3.5%.

By Char Daston
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A woman fills up her gas tank as she checks gas price at a gas station in Palatine, Ill., Thursday, June 30, 2022. U.S consumers have so far defied higher prices for gas, food, and rent and have been spending more in 2022, providing crucial support to the economy. Nam Y. Huh / Associated Press
How long can we expect U.S. gas prices to fall?
A woman fills up her gas tank as she checks gas price at a gas station in Palatine, Ill., Thursday, June 30, 2022. U.S consumers have so far defied higher prices for gas, food, and rent and have been spending more in 2022, providing crucial support to the economy. Nam Y. Huh / Associated Press

The latest jobs report shows slight rise in unemployment

The August 2022 jobs report shows an unemployment rate of 3.7%, higher than the estimated 3.5%.

By Char Daston
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The U.S. Bureau of Labor Statistics released the August Jobs Report Friday morning. The report shows that though employers hired over 300,000 new workers, unemployment rose slightly to 3.7% as more people look for jobs.

Reset breaks down the data with an economist.

GUEST: Diane Swonk, chief economist, KPMG financial services firm