AN UNEXPECTED JUMP IN UNEMPLOYMENT |
? Nonfarm payrolls rose by 187,000 in August, surpassing the Dow Jones estimate of 170,000. However, revisions showed June and July’s counts were notably lower.
? The unemployment rate surged to 3.8%, its peak since February 2022, while the broader unemployment measure leaped to 7.1%. ? Average hourly earnings inched up by 0.2% for August and 4.3% year-over-year, both slightly missing the mark on predictions. |