Although hiring in the US slowed in August as employers added 3,15000 jobs.

The labor market is still robust.

The country's unemployment rate rose from 3.5% to 3.7%.

The percentage of people who are in the labor force rose by 0.3% to 62.4%.

When the Federal Reserve decides how much to raise its benchmark interest rate to counter persistently high inflation at its meeting later this month.

The August jobs report is one of the crucial economic indicators it will take into account.

The Fed has been fighting the highest inflation in 40 years by enacting punishingly high rate hikes.

The labor market has continued to be robust, perhaps even too robust for the Fed's preferences.

Even though the economy is weakening, the housing market is experiencing a number of significant rate increases.

The labor market is "clearly out of balance, with demand for workers substantially exceeding supply," the Fed Chairman said last week.

In July, there were 11.2 million open positions, an increase of 700,000 from June.

which led to a return to just under 2:1 earlier this week in the ratio of open positions to job seekers.