US JOBS BLOW PAST EXPECTATIONS 🔸August Nonfarm Payrolls: +162K vs +55K expected — a major upside surprise. 🔸Unemployment: 4.1%, unchanged…
US JOBS BLOW PAST EXPECTATIONS
🔸August Nonfarm Payrolls: +162K vs +55K expected — a major upside surprise.
🔸Unemployment: 4.1%, unchanged
🔸Wages: +0.3% MoM / +3.1% YoY
🔸Participation rate: 61.6%
🔸Biggest gains: Food services +59K, local government education +42K.
🔸Information sector lost 23K jobs.
🔸June and July payrolls were revised +55K higher combined.