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Strong Jobs Report Shifts Fed Focus | Real Estate News
The U.S. economy added 162,000 jobs in August—way above forecasts—and revised earlier months upward, revealing a stronger labor market than thought. Unemployment held steady at 4.1%, but rising wages aren’t keeping up with prices, risking slower consumer spending. With inflation data looming and mortgage rates under pressure, the Fed is eyeing September’s report, now tipping the odds of a rate hike to over 60%. Meanwhile, construction surged with 10,000 new jobs and the lowest unemployment since April, signaling sector stabilization. Listen in comfort:Get a discount on a Soli Pillow…
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