🚨BREAKING🚨 August nonfarm payrolls rose 162,000 versus a consensus around 53k–56k, with unemployment unchanged at 4.1%. That is a large beat after July’s –23k print and downward revisions that had painted a cooling labor market. Wages rose 0.3% month-over-month and 3.1% year-over-year. Gains were concentrated in food services/drinking places (+59k) and local government education (+42k)
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