August nonfarm payrolls surged to 162,000 against a 53,000 consensus, sending Fed rate hike odds to 59% and rattling equity futures markets.

US nonfarm payrolls surged by 162,000 in August, tripling forecasts after July's contraction, while unemployment held at 4.1% ahead of the

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…