U.S. Non-Farm Payrolls for August Beat All Institutional Survey Expectations

BlockBeats News, September 4th, the US saw stronger-than-expected job growth in August, with the unemployment rate holding steady at 4.1%, indicating a more robust labor market than previously anticipated.

US Bureau of Labor Statistics data released on Friday showed that, after revisions to the data for the prior two months, nonfarm payrolls increased by 162,000 last month. This number surpassed all expectations from surveys of economists.