The Fed’s Next Move vs. Hotter Jobs Data
A Surprise from the U.S. Labor Market The Federal Reserve’s September decision just became much more complicated. U.S. employers added 162,000 jobs in August, dramatically beating expectations of roughly 56,000. The unemployment rate remained at 4.1%, while the labor-force participation rate increased to 61.6%. The report signals that the U.S. labor market may be considerably…