The US economy added 162,000 jobs in August, beating forecasts of 65,000, while unemployment remained at 4.1%, according to the Labour Department. Revisions added 55,000 jobs to earlier figures for June and July. Economists said the labour market is showing a “no-hire, no-fire” trend, with weak hiring but low layoffs keeping workers secure.
The US job market rebounded in August, with employers adding a stronger-than-expected 162,000 jobs while the unemployment rate remained at a low 4.1%.
The Labour Department's jobs report, released on Friday, could provide a boost to President Donald Trump two months before the midterm elections, with the state of the economy weighing on voters' minds.
Hiring beats forecasts
Hiring substantially exceeded the 65,000 jobs that forecasters had expected, according to a FactSet poll. Labour Department revisions also added 55,000 jobs to previously reported June and July payroll figures.
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