US job market rebounds with 162,000 new jobs, far surpassing expectations

The US job market rebounded in August as employers added a surprising 162,000 jobs. The unemployment rate stayed at a low 4.1 per cent. The jobs report, issued by the Labour Department on Friday, could be good news for President Donald Trump two months before midterm elections in which the health of the economy is weighing on voters’ minds. Hiring far exceeded the 65,000 forecasters had expected, according to a poll by FactSet. Labour Department revisions also looked good, adding 55,000 to June...