Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US job growth accelerates in August as payrolls beat expectations, Bloomberg reports
US nonfarm payrolls expanded by 162,000 in August and unemployment held steady at 4.1%, signaling unexpected resilience in the labor market despite ongoing inflationary pressures. The gain was led by rebounds in leisure, hospitality, manufacturing, and construction, even as white-collar sectors like finance and information shed jobs. With the labor market remaining firm and revisions wiping away earlier July losses, investors and economists now expect the Federal Reserve to seriously consider an interest rate hike at its upcoming September meeting, pending next week’s consumer price data.
