The US economy added 162,000 jobs in August, according to the latest report from the Bureau of Labor Statistics. The unemployment rate held steady at 4.1% from July.
Nonfarm payroll employment was forecast to increase by 65,000, vs. the 23,000 decline originally reported in July, according to FactSet. That July loss has since been revised up to a gain of 21,000. Meanwhile, the unemployment rate had been forecast to edge up to 4.2% from 4.1% the prior month.
August Jobs Report Key Stats
- Total nonfarm payrolls rose by 162,000 after rising by 21,000 in July.
- The unemployment rate held steady at 4.1% in August from 4.1% in July.
- In August, average hourly wages rose by 10 cents, or 0.3%, to $37.75.
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