Today’s Lead Story
Saturday, September 5Economy
Economy Adds 162,000 Jobs in August, Blowing Past Forecasts
via Bureau of Labor Statistics
The U.S. economy added 162,000 jobs in August, far surpassing the 53,000 economists had expected, while the unemployment rate held steady at 4.1%. Food services, local government education, and healthcare led the gains, while the information sector lost jobs.
Why it matters
A stronger-than-expected labor market can mean more job security and wage negotiating power — though the solid report also raises the likelihood of a Federal Reserve rate hike at the September 15–16 meeting.
