"Experts" Wrong Again: 162,000 Jobs Added in August

Grokmaster said:
Not bad.



August jobs report delivers unexpectedly strong news for US economy​


The U.S. economy added a surprising 162,000 jobs in August, the Labor Department estimated Sept. 4, even as economists said a "low-hire, low-fire" dynamic made it difficult for unemployed Americans to find work.

The 162,000 estimate for August far surpassed forecasters’ expectations and marked a rebound after U.S. employers added a now-revised 21,000 jobs in July. The department previously estimated U.S. employers shed 23,000 jobs in July. Payroll gains for June were also revised higher, reflecting a stronger summer job market than previously thought.

~ Average hourly earnings for employees on private, nonfarm payrolls rose by 10 cents to $37.75 in August, the department said. They increased 3.1% over the year. The department’s next inflation report due out Sept. 11 will reveal whether paychecks kept up with inflation in August. They did not in July.





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This post ^ didn’t age well given the last jobs report
 
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