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Instant Reaction: US Adds 162,000 Jobs, Topping All Estimates
Published 1 day, 10 hours ago
Description
US job growth surged in August and the unemployment rate held steady, suggesting the labor market has more momentum than previously thought. Nonfarm payrolls increased 162,000 last month and July’s job losses were revised away, according to Bureau of Labor Statistics data out Friday. The August increase topped all estimates in a Bloomberg survey. The unemployment rate remained at 4.1%.
Bloomberg's Tom Keene and Damian Sassower get reaction from:
- Claudia Sahm, Chief Economist at New Century Advisors, brings us into the jobs report
- Amy Wu Silverman, Head: Derivatives Strategy at RBC, reacts to today's jobs report
- Kristina Campmany, Senior Portfolio Manager at Invesco, talks about the bond market's reaction to jobs
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