US labor market stronger than expected as 162,000 jobs added in August

In August, 162,000 new jobs were created outside the agricultural sector in the United States, according to new statistics from the country's Labor Department.

This was significantly higher than the market's expectations of 55,000 new jobs, according to Bloomberg. The figure also compares with a revised 21,000 new jobs the previous month.

At the same time, unemployment was unchanged at 4.1 percent compared with the previous month.