U.S. adds stronger-than-expected 162,000 jobs in August as labor market rebounds
Source Summary
The U.S. labor market added 162,000 jobs in August, exceeding expectations. This employment report comes as the Federal Reserve prepares for its September policy meeting to decide on interest rate changes.
Why it matters
Stronger-than-expected job growth may influence the Federal Reserve's decision on whether to raise interest rates at its September meeting.
