August jobs report lifts yields as unemployment holds at 4.1%
U.S. job growth accelerated in August; unemployment was steady at 4.1%. Nonfarm payrolls rose 162,000 jobs and prior month gains were revised upward, supporting higher yields and keeping this month’s Fed hike on the table.
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01:35:14 PM UTC
SquawkNews
Strong August jobs report sends yields higher
U.S. job growth accelerated sharply in August while the unemployment rate held steady at 4.1%, pointing to a stable labor market and keeping an interest rate hike from the Federal Reserve this month on the table.Nonfarm payrolls surged by 162,000 jobs last month after an upwardly revised rise of 21…