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US nonfarm payrolls surge in August; unemployment rate steady at 4.1%
In August, the U.S. experienced remarkable job growth while unemployment rates held firm, indicating an impressive labor market. This uptick has kept a potential Federal Reserve interest rate hike under consideration. Economists had anticipated a lesser job increase, prompting financial markets to lower their rate hike expectations. Meanwhile, rising Treasury yields are starting to affect mortgage rates and the housing sector dynamics.
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cryptobriefing.com
US labor market cools, easing pressure on Fed for rate hikes
US labor market cools, reducing Fed rate hike pressure. Rate hike by September 2026 at 46.5% YES, rate hike by October 2026 at 62.5% YES.
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edition.cnn.com
The US economy added 162,000 jobs in August, more than double expectations | CNN Business
The US labor market in August roused from its early summer slumber by adding 162,000 jobs, more than double what economists had expected, while the unemployment rate remained at…
