US Job Growth Surges in August with 162,000 Positions Added, Beats Expectations
U.S. hiring rebounded sharply in August, as nonfarm payrolls rose by 162,000 and ebullient sector performance eased market anxieties over a cooling labor landscape. Data released Friday by the Bureau of Labor Statistics showed the monthly gains easily outpaced economists’ expectations, who had anticipated a modest gain of around 56,000 positions. The nation’s unemployment rate […]