U.S. added 162,000 jobs in August, but wage growth continues to lag inflation

The U.S. economy in August added 162,000 jobs, far more than expected. The unemployment rate remained unchanged at 4.1%.

Economists surveyed by Dow Jones had expected overall hiring of just 53,000 roles and a steady unemployment rate.

Meanwhile, employment for June was revised up by 11,000 roles to a total addition of 31,000. July, which had previously been recorded as a negative 23,000, was revised up sharply by 44,000 to a total net job additions of 21,000...