The current unemployment rate in the US continues to point to full employment.
(Photo: dpa)
Washington Slightly more jobs than expected were created on the booming US job market in August. Last month, 315,000 new jobs were added, as the government announced in Washington on Friday. Economists polled by Reuters had expected just 300,000, down from 526,000 in July.
However, the unemployment rate calculated separately rose to 3.7 from the previous 3.5 percent. However, this is still a level roughly in line with the Fed’s target for full employment.
In the fight against high inflation, the Federal Reserve recently raised the key interest rate unusually sharply twice in a row by 0.75 percentage points – to a range of 2.25 to 2.50 percent. She wants to follow up in September.
“For the US Federal Reserve, the signal is green to continue with a strong increase in key interest rates on September 21,” says economist Bastian Hepperle from Hauck Aufhäuser Lampe Privatbank. The number of vacancies is extremely high, the unemployment rate remains very low and wage pressure remains high
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