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Breaking stock market news September 4, 2020

Breaking stock market news

“Jobs report: US economy adds 1.371 million payrolls in August, unemployment rate dips to 8.4%.

he US economy added back a greater than expected number of payrolls in August and the unemployment rate improved by a bigger than anticipated margin.

Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:

Change in non-farm payrolls: +1.371 million vs. +1.350 million expected, vs. +1.763 million in July

Unemployment rate: 8.4% vs. 9.8% expected, vs. 10.2% in July

Average hourly earnings, month over month: 0.4% vs. 0.0% expected, +0.2% in July

Average hourly earnings, year over year: 4.7% vs. 4.4% expected, 4.8% in July

Labor force participation rate: 61.7% vs. 61.8% expected, 61.4% in July.”

Stock market data: Yahoo Finance