News Items
Nonfarm payrolls surged 225,000 for the month, well above Wall Street estimates for a 158,000 gain.
The unemployment rate ticked higher to 3.6%, but for the right reason as the labor force participation rate increased 0.2 percentage points to 63.4%, matching its highest level since June 2013.
Average hourly earnings rose 3.1% over a year ago to $28.44, ahead of estimates for 3% growth.