Nonfarm payrolls jumped by 162,000 in August, well ahead of the consensus for 53,000, while the unemployment rate held steady at 4.1%, as expected. The report was largely consistent with what Fed officials have characterized as a stable labor market, and traders raised bets on a potential hike at the policy meeting this month. Bars and restaurants led in job creation, while information-related sectors saw a loss, possibly owing to AI investment. The Fed’s attention likely will turn now to next week’s inflation numbers. 
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