July payrolls fell 23,000, missing forecasts badly, but stable unemployment gives the Fed cover to keep fighting inflation without cutting rates.

(Bloomberg) -- US payrolls growth got back on track in August, consistent with general steadiness in the labor market that’s helping the Federal Reserve focus more intently on its…

July payrolls fell 23,000, missing forecasts badly, but stable unemployment gives the Fed cover to keep fighting inflation without cutting rates.