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[Music] August non-farm payrolls came in at 187,000 jobs added much more than Market expectations of about 170,000 jobs and better than last months additions which was initially released at 187,000 jobs but was revised lower to 157,000 downward revisions are starting to take an effect on the importance of the headline number when you look back from January through July of this year cumulative revisions to payroll equal a negative 355,000 jobs the unemployment rate Rose to 3.8% and the participation rate edged higher to 62.8 from 62.6 which amounts to over 700,000 people entering the labor force wages Rose by 2% month over month which was lower than expectations and half of last months 4% gain but still amounts to a 4.3% increase year-over-year and average hours worked ticked higher the initial drop in the 2-year note yield revealed this to be a friendly set of figures for the federal reserves mission of slowing the economy that quickly Unwound as other data was [Music] released
