#usaugustavghourlyearningsrise3.1% 🇺🇸 US
JOBS REPORT JUST CAME IN MUCH HOTTER THAN EXPECTED.

Nonfarm Payrolls: +162K vs +56K expected

Unemployment Rate: 4.
1% vs 4.1
% expected

Average
Hourly Earnings
:
• +0.
3% MoM vs +0.3
% expected
• +
3.1% YoY vs +3
.0% expected

The labor market came in significantly stronger than expected.

More jobs + stronger wage growth = a potentially hawkish signal for the Fed.

Rate expectations are about to move. 👀$FF $MVLLB $SUI