The US economy added 315K payrolls in August of 2022, compared to a downwardly revised 526K in July but above market forecasts of 300K and pointing to broad-based hiring across many sectors. The biggest job gains occurred in professional and business services (68K), namely computer systems design and related services; health care (48K), mainly offices of physicians, hospitals and nursing and residential care facilities; and retail trade (44K). Manufacturing added 22K jobs, leisure and hospitality 31K, following average monthly gains of 90K in the first 7 months of the year. August is historically a weaker month for employment but nonfarm employment is now 240K higher than its pre-pandemic level in February 2020. source: U.S. Bureau of Labor Statistics