POPA ReconUS JOBS BLOW PAST EXPECTATIONS
US JOBS BLOW PAST EXPECTATIONS 🔸AUGUST NONFARM PAYROLLS: +162K VS +55K EXPECTED — A MAJOR UPSIDE SURPRISE. 🔸UNEMPLOYMENT: 4.1%, UNCHANGED 🔸WAGES: +0.3% MOM / +3.1% YOY 🔸PARTICIPATION RATE: 61.6% 🔸BIGGEST GAINS: FOOD SERVICES +59K, LOCAL GOVERNMENT EDUCATION +42K. 🔸INFORMATION SECTOR LOST 23K JOBS. 🔸JUNE AND JULY PAYROLLS WERE REVISED +55K HIGHER COMBINED. ...
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