Jobs report: Economy showing resiliency

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America’s employers added a healthy number of jobs last month but slowed their hiring enough to potentially help reduce raging inflation, according to a report from the Associated Press. The economy gained 315,000 jobs in August, pointing to a resilient economy amid rising interest rates, high inflation, and sluggish consumer spending. The report showed the unemployment rate rising to 3.7%, up from a half-century low of 3.5%. However, inflation did fall to an 8.5% annual rate in July from 9.1% in June, mostly as gas prices steadily dropped. Wage growth weakened a bit last month, as the average hourly pay rose 0.3% from the previous month, the smallest gain since April.

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