U.S. August jobs report adds 162,000; payrolls revised up
The U.S. economy added 162,000 jobs in August versus 56,000 consensus. June and July payrolls were upwardly revised by 11,000 and 44,000, respectively.
GOOD = BAD? AN AUGUST JOBS REPORT DEEP DIVEThe August employment report blasted past expectations.
Great news, right?The U.S. economy added 162,000 jobs last month, nearly three times the 56,000 consensus.On top of that, June and July payrolls were upwardly revised by 11,000 and 44,000, respectivel…