WRAPUP 3-US nonfarm payrolls surge in August; unemployment rate steady at 4.1%

US job growth accelerated sharply in August while the unemployment rate held steady at 41 suggesting an improvement in the labor market after recent struggles keeping an interest rate hike from the Federal Reserve this month on the table The larger-than-expected increase in nonfarm payrolls last month reported by the Labor Department in its closely watched employment report on Friday reflected a rebound in leisure and hospitality employment following two straight monthly declines as well as a reversal of the drag from local government education