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The Economic Times

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US nonfarm payrolls surge in August; unemployment rate steady at 4.1%

In August, the U.S. experienced remarkable job growth while unemployment rates held firm, indicating an impressive labor market. This uptick has kept a potential Federal Reserve interest rate hike under consideration. Economists had anticipated a lesser job increase, prompting financial markets to lower their rate hike expectations. Meanwhile, rising Treasury yields are starting to affect mortgage rates and the housing sector dynamics.

4 Sep 2026 6:26 pm