U.S. adds 315,000 jobs in August

The U.S. economy added 315,000 jobs in August, according to the Department of Labor, which said the nation now has regained the number of jobs lost during the Covid-19 pandemic.

The unemployment rate rose to 3.7 percent because more people entered the labor market looking for work, the Bureau of Labor Statistics said in its monthly report.

The leisure and hospitality sector added 31,000 jobs in August, below the year-to-date trend of 90,000 jobs per month, the bureau said. Manufacturing gained 22,000 jobs in August, with durable goods accounting for almost all that increase.