U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
- On Friday, the Bureau of Labor Statistics reported the U.S. economy added 162,000 payroll jobs in August, far exceeding expectations, while the unemployment rate held steady at 4.1 percent.
- Leisure and hospitality drove gains with 59,000 new positions, while the Bureau revised June and July payrolls upward by a combined 55,000 jobs to reflect stronger underlying labor market momentum.
- Labor force participation rose to 61.6 percent, reflecting returning workers, though wage growth slowed to 3.1 percent annually—consistent with the Fed's 2 percent inflation target.
- Investors ramped up bets on a September Federal Reserve rate hike to roughly 62 percent, with market participants weighing the robust jobs data against persistent inflation concerns.
- President Donald Trump renewed his demand for lower interest rates on Truth Social, complicating the Fed's decision-making ahead of next week's inflation data, which will likely determine the September rate decision.
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437 Articles
Sydney Morning Herald
The AgeASX set for flat start, Wall Street slips on jobs report
US stocks fell and Treasury yields rose after the government reported that employers unexpectedly added 162,000 jobs last month, a development that could increase chances that the US central bank will raise interest rates later this month.
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A point I don’t see mentioned often enough when monthly jobs reports come out is that these are real jobs. Past Administrations have used tax dollars to grow government and then crow about how many “jobs” they created. Real jobs add value, while Government jobs are net drags on the economy, so their creation ought ...
August Jobs Report ‘Crushed Expectations’ As Economy Adds 162,000 Jobs
The August jobs report delivered a major upside surprise, with the U.S. economy adding 162,000 jobs, more than double economists’ forecast of 65,000. Unemployment held at 4.1%, while estimates for June and July were revised higher. CNN’s Matt Egan called it “good
A Great Jobs Report & Threatening the Federal Reserve
The jobs report blew away expectations. Instead of 55,000 new jobs, the economy created 162,000. The economy is doing so well that the Federal Reserve might raise interest rates to slow down growth. The U.S. economy added a much-better-than-expected 162,000 jobs in August 2026, while the unemployment rate held steady at 4.1%. Employers added 127,000 […] The post A Great Jobs Report & Threatening the Federal Reserve appeared first on www.independ…
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