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Market Impact: 0.3
US Adds 162,000 Jobs in August, Topping All Estimates
Source: Bloomberg
Economic DataMonetary PolicyInterest Rates & Yields
US nonfarm payrolls rose 162,000 in August, topping Bloomberg’s survey estimates, while the unemployment rate was unchanged at 4.1%. The beat on jobs data is likely to be interpreted as supporting tighter policy expectations, putting mild upward pressure on rate-sensitive assets.
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