Nonfarm Payrolls for August: -216K; Unemployment Rate: 9.7%, vs. Consensus 9.5%
Nonfarm payrolls change for the month of August: -216K vs. the consensus of -230K, and -247K in July.
Unemployment Rate for the month comes in at 9.7%, vs. the consensus of 9.5%, and compared to 9.4% in July.
Average hourly earnings on a month-over-month basis rose 0.3% and 2.1% on a year-over-year basis. Average weekly hours were 33.1 for the month, inline with economists consensus.
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