U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%

• economy added jobs at a brisk pace in August, reversing a summer slowdown in hiring, while the unemployment rate held steady.
• Nonfarm payrolls rose a seasonally adjusted 162,000 for the month while the unemployment rate, as expected, held steady at 4.1%, the Bureau of Labor Statistics reported Friday.