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[Breaking] US August Unemployment Rate at 4.1%, Nonfarm Payrolls Up 162,000... Markets Focus on Fed Policy Direction and Global Stock Markets

The US unemployment rate for August came in at 4.1%, unchanged from the previous month. According to the August employment report released by the Bureau of Labor Statistics (BLS) on September 4, Korea time, nonfarm payrolls increased by 162,000. A month earlier in July, the unemployment rate stood

Oseong Kwon
Staff Reporter
3 min read
[Breaking] US August Unemployment Rate at 4.1%, Nonfarm Payrolls Up 162,000... Markets Focus on Fed Policy Direction and Global Stock Markets
CBC News

The US unemployment rate for August came in at 4.1%, unchanged from the previous month. According to the August employment report released by the Bureau of Labor Statistics (BLS) on September 4, Korea time, nonfarm payrolls increased by 162,000.

A month earlier in July, the unemployment rate stood at 4.1%, while nonfarm payrolls had decreased by 23,000.

Markets inside and outside are watching to see what stance the Federal Reserve (Fed) will take on the future direction of monetary policy in the wake of this jobs report. This is because the recent surge in US Treasury yields that had been weighing on financial markets has eased, and Fed officials have made a series of dovish remarks, significantly softening the market's wariness of a rate hike in September.

Accordingly, investors' attention is also focused on the direction of the US stock market, which began trading on the 4th (local time) ahead of the weekend, as well as global financial markets including cryptoassets.

Meanwhile, key indicators that can gauge inflation pressure are also being released in succession. On September 10, Korea time, the August Producer Price Index (PPI) will be released, followed by the August Consumer Price Index (CPI) on the following day, the 11th.

Oseong Kwon
Staff Reporter

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