US Adds 162,000 Jobs in August, Nearly Triple Forecast; Bond Yields Climb

3-line summary

• The US economy added 162,000 jobs in August, almost triple the 56,000 forecast, driven by hospitality and education hiring, according to a BBC report.
• Bond yields climbed following the report as the data reinforced expectations of a resilient labor market.
• Gold miner and bitcoin-related stocks fell and UK's FTSE 100 slipped as the strong data lifted bets on a Fed rate hike, according to Investing.com reports.

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