While the Labor Department released a closely watched report on Friday showing modestly stronger than expected job growth in the month of August, the report also showed an unexpected increase in the unemployment rate.
The Labor Department said employment climbed by 187,000 jobs in August compared to economist estimates for the addition of 170,000 jobs.
The bigger than expected increase in employment reflected continued job growth in healthcare, leisure and hospitality, social assistance, and construction, although employment in transportation and warehousing declined.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.