The US Secretary of Labor confirms... the labor market will bear the interest rate hike

US Federal "very careful" Regarding his tightening of monetary policy by taking coordinated and unique steps, according to the US economy witnessing a rise ininflation.

He explained that job opportunities are now available in United State Emphasizes the strength of the labor market now and in the future.

. added US economy 315,000 new jobs were created in August, higher than expectations, according to data released by the US Department of Labor on Friday.

The data revealed that Unemployment rate In August, it rose to 3.7 percent, compared to 3.5 percent in the previous month, contrary to expectations that it would remain at the same level in July.

was Federal Reserve Board It raised interest rates last July by 75 basis points for the second time in a row, and the highest rate of increase since 1980, in an effort to calm high inflation rates in the largest economy in the world.

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Walsh confirmed in a statement to Bloomberg Agency, on Friday, that US Federal "Extremely cautious" about his tightening of monetary policy by taking coordinated and unique steps, according to the US economy witnessing a rise ininflation.

He explained that job opportunities are now available in United State Emphasizes the strength of the labor market now and in the future.

. added US economy 315,000 new jobs were created in August, higher than expectations, according to data released by the US Department of Labor on Friday.

The data revealed that Unemployment rate In August, it rose to 3.7 percent, compared to 3.5 percent in the previous month, contrary to expectations that it would remain at the same level in July.

was Federal Reserve Board It raised interest rates last July by 75 basis points for the second time in a row, and the highest rate of increase since 1980, in an effort to calm high inflation rates in the largest economy in the world.

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