US jobs report beats expectations
US jobs report beats expectations
The latest US jobs report shows that employers went on a hiring spree in August.
The labor market added 162,000 jobs for the month, nearly triple the expected figure.
The Labor Department released the figures on Friday.
The increase in non-farm payrolls easily beat out a market forecast that there would be about 55,000 additional jobs. The department also revised upward its figures for June and July.
The unemployment rate remained low at 4.1%, the same as July.
Chairman of the Federal Reserve Kevin Warsh last month called the US job market stable. The Fed is scheduled to start its next policy meeting on September 15th.
Related Stories
Careers
Energy secretary says US might not reach nuclear agreement with Iran
9 hours ago
Careers
U.S. envoys Witkoff and Kushner hold talks in Ukraine after meeting with Putin
11 hours ago
Careers
Iran warns of 'faster, heavier, more painful response' to US attacks
19 hours ago
Careers
A month after migrants surged into Ceuta, thousands of kids are still stranded on the streets
1 day ago
Careers
FSU Film alums help power some of summer movie season's blockbusters
1 day ago
Careers
Brink Forest Products to cut 50 jobs at its Prince George lumber plant
1 day ago
Careers
Kelowna adds jobs but remains the worst city in Canada for unemployment rate
2 days ago
Careers
China Masters: Still Chasing the Feeling
2 days ago