US jobs data surprised to the upside in August
August non-farm payrolls came in stronger than expected, with upward revisions to June and July adding 55,000 jobs to prior estimates and reinforcing firmer hiring momentum.
Upward revisions to June and July also added a further 55,000 jobs to prior estimates, reinforcing the sense that hiring momentum has been firmer than previously reported.The household survey showed little movement across most major demographic groups, with jobless rates for adult men, adult women…