Hospitality and education boosts US job creation in August
Summary
The US economy added 162,000 jobs in August, much more than the 56,000 jobs experts predicted. Most new jobs were in hospitality, like restaurants and bars, and in local government education before the school year started.Key Facts
- The US created 162,000 new jobs in August.
- Experts had expected only 56,000 new jobs.
- Job growth was strongest in hospitality sectors such as restaurants and bars.
- Local government education jobs also increased ahead of the school year.
- Earlier job reports from the summer were updated to show more jobs than first reported.
- This stronger job growth may lead the Federal Reserve to raise interest rates later this month.
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