US Payrolls Rise by More Than Forecast While Wage Growth Cools
- Employers added 187,000 jobs in August after lower prior data
- Unemployment rate rose, reflecting pickup in participation
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US hiring picked up in August and wage growth slowed, offering a mixed picture of both resilience and moderation in the labor market.
Nonfarm payrolls rose by 187,000 after the prior two months were revised significantly lower, a Bureau of Labor Statistics report showed Friday. The unemployment rate climbed to 3.8%, the highest since early last year and largely reflecting a pickup in participation.