US JOBS BLOW PAST EXPECTATIONS
๐ธAugust Nonfarm Payrolls: +162K vs +55K expected โ a major upside surprise.
๐ธUnemployment: 4.1%, unchanged
๐ธWages: +0.3% MoM / +3.1% YoY
๐ธParticipation rate: 61.6%
๐ธBiggest gains: Food services +59K, local government education +42K.
๐ธInformation sector lost 23K jobs.
๐ธJune and July payrolls were revised +55K higher combined.