U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
The Labor Department said hiring topped forecasts by more than 100,000 jobs and revisions added 55,000 more to June and July.
- 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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422 Articles
‘You haven’t seen anything yet!’ Payroll surge prompts ‘Wow’ reaction from experts * WorldNetDaily * by WND Staff
Source link United Auto Workers union members cheer President Donald Trump’s tariffs at the White House on ‘Liberation Day,’ Monday, April 2, 2025 The federal government reported that nonfarm payroll totals for August were up 162,000, almost three times the expected total of 53,000, and much higher that the monthly average of 31,000, prompting a
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…
USD/CHF Price Forecast: NFP rally stalls at 0.8100, retraces
The USD/CHF registers modest gains of over 0.30% as the Greenback is boosted by a solid US Nonfarm Payrolls report, pushing the pair above the 50-day Simple Moving Average (SMA) to reach a daily high of 0.8126. At the time of writing, trades at 0.8098. Source: FXstreet
POLITICS: Trump Touts August Jobs Report, Renews Push for Fed Rate Cuts – The Beltway Report
President Donald Trump celebrated a stronger-than-expected August jobs report on Truth Social, saying the numbers broke “all estimates” and using the moment to renew his demand that the Federal Reserve cut interest rates. The U.S. economy added 162,000 jobs in August, far surpassing economists’ forecast of 55,000. Economists had also expected unemployment to rise to 4.2 percent from July’s 4.1 percent. “Great jobs number just announced, breaking…
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