U.S. August Payrolls Rise by 162,000, Well Above Expectations U.S. nonfarm payrolls increased by 162,000 in August, well above expectations…
U.S. August Payrolls Rise by 162,000, Well Above Expectations
U.S. nonfarm payrolls increased by 162,000 in August, well above expectations for a 56,000 gain and compared with a 23,000 decline previously. The unemployment rate was 4.1%, in line with expectations. Average hourly earnings rose 3.1% year over year, above the 3.0% forecast, and 0.3% month over month, matching expectations.