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STOCK MARKETS

U.S. economy added 187,000 jobs in August, more than was expected

The U.S. economy added 187,000 jobs in August, according to the latest figures from the Labor Department. This was higher than the expectations from economists who had predicted an increase of about 164,000 jobs. The job gains were seen in professional and business services, health care, wholesale trade, transportation and warehousing, and mining. The unemployment rate stayed unchanged at 3.7 percent. The monthly jobs report also showed average hourly earnings rising 3.2% from a year earlier, below the expected 3.3%, while the number of people working part-time for economic reasons fell by 23,000.