US Economy Adds 162,000 New Jobs in August, Far Higher Than Market Expectations

U.S. payrolls accelerated in August as the economy unexpectedly created 162,000 new jobs, according to the Bureau of Labor Statistics.

This marks the best monthly employment gain since March.

The unemployment rate was unchanged at 4.1 percent for the second straight month.

Last month’s surge was broad-based, led by food services and drinking places (59,000), government education (42,000), construction (22,000), and manufacturing (16,000).

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