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South China Morning Post

US adds 162,000 jobs in August, beating forecasts

AI Market Summary
US August payrolls rose 162k versus 65k expected, with sizable upward revisions to June/July and broad-based hiring across services, construction, and manufacturing. The sharp jump in labor force participation supports growth resilience, while softer wage growth (3.1% YoY, lowest since May 2021) tempers inflation pressure. The mix is supportive for risk sentiment but keeps rates and USD sensitive to shifting Fed expectations.
Impact level
● High
Affected assets
NCSIDXY2USD/USDT+0.26%
AI Insight · NCSIDXY2USD/USDTAI Insight
▲ Bullish
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US employers added 162,000 jobs in August, far above expectations of 65,000. The Labour Department also revised June and July payrolls higher by a combined 55,000. Restaurants and bars led gains with 59,000 new jobs, while construction added 22,000 and manufacturing 16,000. The labor force rose by 683,000, but average hourly wages increased 3.1% from a year earlier, the weakest pace since May 2021.
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