US Jobs Blow Past Forecasts, Reviving Fed Hike Bets
U.S. nonfarm payrolls rose by 162,000 in August, versus 56,000 expected by economists polled by Reuters, while unemployment held steady at 4.1%.
What happened
U.S. nonfarm payrolls rose by 162,000 in August, versus 56,000 expected by economists polled by Reuters, while unemployment held steady at 4.1%.
Why it matters
July payrolls were revised to a 21,000 gain from a previously reported 23,000 decline, keeping the Fed debate tied to the next inflation data.
What to watch
Watch next: whether next week's CPI and PPI data keep September hike pricing alive.
Transcript
U.S. nonfarm payrolls rose by 162,000 in August, versus 56,000 expected by economists polled by Reuters, while unemployment held steady at 4.1%. July payrolls were revised to a 21,000 gain from a previously reported 23,000 decline, keeping the Fed debate tied to the next inflation data. Watch next: whether next week's CPI and PPI data keep September hike pricing alive. FreshInsight delivers source-grounded finance briefs for market professionals. Source: Reuters Not financial advice. For information and education only.
Primary sources
Reuters
Distribution
YouTube / 8WWcErRme40
Topics
labor-market, interest-rates, federal-reserve, finance-shorts, us-economy, finance-news, jobs-report, nonfarm-payrolls, fed-funds-futures, fed-hike-odds
Disclaimer
Information and education only. Not financial advice.