The US labour market has exceeded expectations with the creation of 162,000 new jobs in August. Despite this growth, the unemployment rate remains at 4.2%.
The labour market in the United States has surprised on the upside, creating 162,000 new jobs in August, according to data from the Department of Labor. This figure contrasts sharply with the loss of 23,000 jobs in July, coinciding with the end of the school year and the closure of sporting events that had generated temporary employment.
The job creation in August exceeds the monthly average recorded over the past twelve months by 31,000, primarily highlighting sectors such as food and hospitality with 59,000 new jobs, and public education with 42,000 new employees. Increases were also observed in construction and health services, although the information sector lost 23,000 jobs.
Despite the job creation, the unemployment rate remains stable at 4.2%, representing nearly seven million workers without jobs. This is due to the increase in the labour force, which creates a balance in the job market.
The employment figures have surpassed the expectations of the Dow Jones consensus, which anticipated the creation of only 53,000 jobs. This strong performance has sparked an internal debate on whether the Federal Reserve should keep interest rates unchanged or proceed to raise them at its next meeting, scheduled for September.
The reaction of the US stock market has been negative in light of the possibility that the Federal Reserve may consider raising rates to control inflation, affected by rising fuel prices and other economic pressures.
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