US Nonfarm Payrolls Surge in August and Contribute to Fed Rate Hike Expectations

US Nonfarm payrolls unexpectedly surged by 162,000 in August, well above median forecast for 55,000 increase and against upwardly revised July figure to 21,000 from initially reported -23,000. The same report showed that unemployment was unchanged at 4.1% (also in line with expectations), while average earnings, one of inflation indicators, eased to 3.1% y/y from […] The post US Nonfarm Payrolls Surge in August and Contribute to Fed Rate Hike Expectations appeared first on ActionForex.