U.S. nonfarm payrolls rose by 162,000 in August, well above the roughly 56,000 forecast, while July’s initially reported 23,000-job decline was revised to a 21,000 gain. Hiring spread across food services, local-government education, construction, manufacturing, health care and other sectors, although economists said one month did not establish a new trend. The 4.1% unemployment rate and stronger labor data increased expectations for a Federal Reserve rate increase at the Sept. 15-16 Federal Open Market Committee meeting, with markets awaiting the August Consumer Price Index report on Sept. 11. BlackRock portfolio manager Jeff Rosenberg said the decision would depend on whether disinflation continued, while warning that higher energy prices could feed from headline into core inflation. Donald Trump continued pressing for immediate rate cuts and threatened trade restrictions against countries running U.S. trade deficits.