August jobs growth tops expectations, unemployment holds near 18-year low

August jobs growth tops expectations, unemployment holds near 18-year low

The U.S. jobs market is humming along, with hiring picking up in August and paychecks growing whole the unemployment rate held steady. Payrolls increased by 201,000 in August and the unemployment rate stayed at 3.9 percent. Analysts polled by Thomson Reuters anticipated an additional 191,000 jobs with the unemployment rate decreasing to 3.8 percent from July’s 3.9 percent.

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