
U.S. Job Growth Surges to 162,000 in August, Defying Expectations
The American labor market added 162,000 nonfarm payrolls in August, significantly outpacing economist forecasts while the unemployment rate remained steady at 4.1 percent. Strong hiring in the hospitality and education sectors drove the unexpected economic resilience.
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Hospitality and education boosts US job creation in August
The number of roles added to the US economy increased by 162,000 in August, almost triple the 56,000 forecast.
Read full article →US Adds 162,000 Jobs in August, Topping All Estimates
Nonfarm payrolls rose by 162,000 in August topping all estimates in a Bloomberg survey. The unemployment rate remained flat at 4.1%. Bloomberg's Michael McKee breaks down the report. (Source: Bloomberg)
Read full article →US economy smashes forecast with 162,000 jobs added in August
Figure comes ahead of interest rate decision from Federal Reserve this month
Read full article →The U.S. economy added 162,000 jobs in August, beating expectations
Forecasters had expected gains of about 65,000 new jobs in August.
By Lauren Kaori Gurley
Read full article →US added 162,000 jobs in August, with unemployment rate holding steady
Number of new jobs being added has been fluctuating, with private companies adding 38,000 jobs in August The US economy added 162,000 jobs in August, an uptick after a sluggish summer for the labor market. The unemployment rate held steady at 4.1%, still down from its most recent peak of 4.5% last November, according to new data from the Bureau of Labor Statistics (BLS). Despite the relative stability of the unemployment rate, the number of new jobs added to the economy has been fluctuating, ...
By Lauren Aratani
Read full article →U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
Nonfarm payrolls were expected to increase by 53,000 in August while the unemployment rate held at 4.1%, according to the Dow Jones consensus.
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