Hospitality and education boosts US job creation in August

Image for article Hospitality and education boosts US job creation in August
News Source : BBC News

News Summary

  • Stronger-than-expected jobs figures in the US added to growing expectations that rates could be increased.
  • The number of roles added to the economy increased by 162,000 in August, almost triple the 56,000 forecast by analysts.
  • Inflation remains above the Fed's 2% annual target, with prices up 3.4% in the past 12 months.
  • The next interest rate decision will be made on 15-16 September.
  • Rates were left unchanged between 3.5% and 3.75% in July for the fifth time in a row.
A boost in hospitality and education employment drove the US economy to create tens of thousands more jobs than expected last month, latest figures suggest.

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