1 month ago
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The U.S. jobs numbers came in more than three times what economists were expecting for August, while June and July’s figures were also adjusted upward.
The Bureau of Labor Statistics reported there were 162,000 jobs added in August, while the unemployment rate remained unchanged at a low 4.1 percent.
The BLS noted that the average monthly gain over the previous 12 months has been 31,000.
The total number of jobs added in June was revised up from 20,000 to 31,000, and July was up 44,000, meaning a jobs gain of 21,000 versus a jobs loss of 23,000 as originally reported.
Ahead of Friday’s jobs numbers, economists had been predicting a 53,000 gain, according to CNBC, so the 162,000 figures was three times the estimate.
“HOLD ON TO YOUR SEATS!”: The economy...
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