Hiring burst of 162,000 jobs in August puts the focus squarely back on inflation in the U.S.
The U.S. labor market bounced back in August as employers added a surprising 162,000 jobs, ending a summer of lackluster hiring growth with a bang.
TL;DR
- The U.S. labor market showed a strong recovery in August.
- Employers added 162,000 jobs, exceeding expectations.
- This surge in hiring concluded a summer of slower job growth.