$BTC Data released by the U.S. Department of Labor on September 5 showed that nonfarm payrolls increased by 162,000 in August, far exceeding the market forecast of 56,000 and about 2.9 times the estimate, while reversing the net decline of 23,000 in July. The private sector added 127,000 people, also significantly higher than the expected 45,000 and July's 30,000. This is the largest gap between employment data and expectations so far this year, completely reversing the recent narrative that employment continues to cool.