US employers hire 1.4M in August as unemployment rate falls sharply
Economists surveyed by Refinitiv expected the report to show that unemployment dropped to 9.8% The U.S. economy added 1.4 million jobs in August as the unemployment rate unexpectedly tumbled, indicating the nation’s labor market is continuing a slow but steady recovery from the coronavirus pandemic. The Labor Department’s payroll report released Friday showed the jobless rate fell sharply to 8.4%, down from…