Aug Jobs Report Came in hotter than expected:
Nonfarm Payrolls 162K v est 55K; prev -23K, prevR 21K
2-Month Payroll Net Revision: 55K prev -103K
Nonfarm Payrolls 3-Month Avg Change: 71K prev 20K, prevR 38K
Manufacturing Payrolls 16K est 5K; prev 5K, prevR 14K
Private Payrolls: 127K est 50K; prev 30K, prevR 71K
Government Payrolls: 35K prev -53K
Unemployment Rate: 4.1% v est 4.1%; prev 4.1%
Underemployment Rate 7.7% (est 7.9%; prev 7.9%)
Labor Force Participation Rate 61.6% (est 61.5%; prev 61.4%)
Avg Hourly Earnings
M/M 0.3% (est 0.3%; prev 0.1%
Y/Y 3.1% (est 3.1%; prev 3.2%