The headline number in Friday morning’s job report from the U.S. government topped expectations, with 187,000 jobs added versus forecasts for 170,000. July’s job gains, however, were revised lower to 157,000 from an originally reported 187,000 and June’s numbers were downwardly revised as well. The unemployment rate in August jumped to 3.8% against expectations for 3.5% and 3.5% in July. In addition, wage growth was modestly weaker than expected in August.
Author: Shaurya Malwa, Krisztian Sandor, Stephen Alpher ::: Source link
