Biden hails strength of economy as US adds 187,000 jobs in August

Number of new jobs matches July's total, reflecting resilience of labor market even with high interest rates

The US jobs market is holding steady as interest rates sit at a 22-year high, with US employers adding 187,000 jobs in August, according to the Bureau of Labor Statistics (BLS).

The number of new jobs added in August is the same as the number of new jobs in July, showing that the labor market, down to levels seen before the pandemic, is resilient even with high interest rates.