US nonfarm payrolls increased to 315,000 in August exceeding consensus by economists, though this is a decrease from the 526,000 payrolls in July. Unemployment also unexpectedly rose to 3.7% marking a six-month high as the participation in the labour force climbed. Following the jobs data revealing signs of easing in what is still a tight labour market, US stocks advanced, two-year treasury yields declined, whilst the dollar weakened slightly. A combination of people returning to the labour market and slightly slower wage growth is good news for markets. The latest data helps in not reviving Fed hawks as they discuss the next rate decisions but does underscore their belief that the economy can withstand further tightening to control inflation.