#USAugustNFPBeatsExpectations The U.S. August Non-Farm Payrolls report is out, and it delivered a clear beat.
Key Numbers:
- Nonfarm payrolls: **+162,000**
- Consensus expectation: ~55,000–65,000
- Unemployment rate: Held steady at **4.1%**
- Private sector jobs: **+127,000**
- Average hourly earnings: **+0.3%** month-over-month to $37.75 (YoY +3.1%)
This marks the strongest monthly job gain since March and comes in roughly three times higher than economists had forecast. Prior months were also revised higher July was lifted from an initial -23,000 to +21,000, and June was revised upward as w