US nonfarm payrolls surged by 162,000 in August, nearly tripling forecasts and pushing Fed rate hike probability to 60% ahead of the September

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…

A jobs report on Friday provided a key gauge of the U.S. economy as shoppers weather elevated inflation and central bankers weigh a possible interest rate hike.

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…

US hiring surged with 162,000 new jobs in August. Rate hike by October 2026 at 61.5% YES.