U.S. job growth cooled in August, a sign the labor market is finally beginning to slow in the face of rising interest rates, declining economic growth and chronic inflation.

Employers <a href="https://foxbusiness.com/category/jobs" target="_blank">added 187,000 jobs</a> in August, the Labor Department said in its monthly payroll report&nbsp;released Friday, slightly beating the 170,000 jobs forecast by Refinitiv economists.&nbsp;

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The August jobs report released Friday provided a key look at the labor market's health amid the Federal Reserve's aggressive interest rate-hike campaign.{ai:summary}U.S. job growth slows in August as rising interest rates and declining economic growth take a toll. Employers added 187,000 jobs, slightly surpassing expectations. #economy

US economy adds 187,000 jobs in August, but unemployment rate unexpectedly jumps

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