Hiring burst of 162,000 jobs in August puts the focus squarely back on inflation in the US
WASHINGTON — The U.S. labor market bounced back in August as employers added a surprising 162,000 jobs, ending a summer of lackluster hiring with a bang.
TL;DR
- Employers added 162,000 jobs in August.
- This figure represents a surprising bounce back in hiring.
- The unemployment rate remained at a low of 4.1%.