Economy smashed expectations with 162,000 jobs in August, despite Iran energy crunch

The economy added 162,000 new payroll jobs in August, the Bureau of Labor Statistics reported Friday, as businesses shrugged off the energy supply shock from the war with Iran. The unemployment rate remained at a low 4.1%. Forecasters had expected payroll job growth to be 55,000, so the report was well higher than expectations. WHAT…