The U.S. Economy Just Added 162,000 Jobs in August, Blowing Past Estimates: That's Both Good and Bad News for the Stock Market.
Yahoo Finance ·
Another month and another jobs report that continues to befuddle economists. Nonfarm payrolls added a seasonally adjusted 162,000 jobs in August, more than triple economists' estimates of 53,000 job gains. Additionally, the job numbers for both June and July were revised upward, with July notably revised from a 23,000 job loss to a 21,000 gain. In an even better sign for the labor market, gains were broad-based and evident in sectors including restaurants, government education, and manufacturing. Meanwhile, information-related industries saw a decline of 23,000, suggesting artificial intelligence could be having an impact. Average hourly earnings rose 0.3% in August, in line with estimates, and was 3.1% higher year over year, the lowest annual rate in several years.
DYAX Investor Sentiment
Bullish (Long) 50% · Bearish (Short) 50%
343 participants
Related News
- NVDA Stock On Track To Hit Over 2-Month High – Analyst Calls $12.9B Hugging Face Deal ‘Strategically Valuable’
- Nvidia Is Backstopping AI Boom as 'Buyer of Last Resort,' Prominent Economist Tells 'Prof G'
- New Fed Chair Kevin Warsh Promised a Policy "Regime Change" to Defeat Inflation When He Took Over in January 2026. Has He Delivered?
- FHFA Director Pulte says we have also expanded title insurance pilots to make sure people save on title insurance
- How Far AMD Stock Can Swing In Its Calm Case
- Netflix Falls 4% as Rate Repricing Pressures Long-Duration Growth; Disney Dips, Warner Bros. Discovery Sits Tight
