Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to the Bureau of Labor Statistics. While the pace of hiring was slow, average hourly earnings increased 0.3% for the month, meeting the estimate. However, wholesale trade and manufacturing both saw declines of 12,000 on the month. A broader measure of unemployment also includes discouraged workers and those holding part-time jobs for economic reasons: it climbed to 8.1%, a 0.2 percentage point increase and the highest level since October 2021. Markets widely expect the Fed to lower its benchmark interest rate by at least a quarter percentage point when it releases its next decision on September 17. (SOURCE: CNBC)  (ICE NEW YORK)

Fonte notizia: CNBC