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U.S. job growth in August surpasses expectations, Heather Long notes

U.S. job growth in August surpasses expectations, Heather Long notes
U.S. adds 162,000 jobs in August

Heather Long reports that the U.S. jobs report for August delivered strong results, with 162,000 jobs added—three times the expected 55,000.

July's jobs increase was revised up to 21,000 from an original decline of 23,000, while June's figure was also revised up to 31,000 from 20,000. The unemployment rate held steady at 4.1 percent, and labor force participation rose slightly to 61.6 percent, up from 61.4 percent in July.

Earlier, Heather Long reported that the 30-year U.S. bond yield returned to 5.25 percent, reversing recent interventions. In a separate update, she noted that Janet Yellen is maintaining a wait-and-see approach on interest rates. Recent economic releases have been largely favorable according to her coverage.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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