US employers add 162K jobs in August — – Business News
Employers employed at a surprisingly sturdy tempo in August, raising bets that the Federal Reserve will keep its deal with inflation and setting up a coin toss whether or not the central bank will hike rates of interest this month.
US employers added 162,000 jobs in August, above estimates of simply 53,000 jobs and a revised gain of 21,000 the earlier month, the Bureau of Labor Statistics mentioned Friday.
The unemployment charge remained flat at 4.1%, which some economists have attributed to a shrinking labor pressure – the mix of an getting old population and the Trump administration’s strict deportation agenda.
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