U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
Hiring rebounded far above forecasts, but slower wage growth and a tight labor supply point to a labor market that is solid, economists said.
- On Friday, the Bureau of Labor Statistics reported the U.S. economy added 162,000 jobs in August, far exceeding forecasts, while unemployment held steady at 4.1 percent.
- President Donald Trump renewed his demand for lower interest rates via Truth Social on Friday, pressuring Fed Chair Kevin Warsh to cut borrowing costs despite strong labor market data.
- Following the report, CME Group's FedWatch tool now indicates a 62.4% probability of a September interest rate hike, as the Federal Reserve struggles to lower inflation from its 3.7% rate.
- Average hourly earnings rose 3.1% year-over-year, the lowest annual rate in several years, while food services added 59,000 jobs and information industries shed 23,000 amid artificial intelligence adoption.
- The Federal Open Market Committee will convene September 15-16 to decide on rates, with policy decisions likely depending on inflation figures due next week.
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303 Articles
Agony as Trump’s jobs report hangs MAGA out to dry
Economist Justin Wolfers said the U.S. economy created 162,000 jobs in August, more than most economists expected, but President Donald Trump managed to lock out the jobs he most campaigned on creating.“This is an administration that talks about big boofy blokes in hard hats and steel-toed boots. Manufacturing coming home. The 1960s, all over again. That rhetoric is the entire justification for the tariffs,” reports Wolfers on his substack. “Tha…
Employers add 162,000 jobs in August in strongest gain since March, topping forecasts
WASHINGTON — U.S. employers added 162,000 jobs in August and the unemployment rate held at 4.1 percent, the Labor Department said Friday, a much stronger reading than economists had expected and one the White House quickly cast as proof that President Donald Trump’s manufacturing agenda is taking hold. The gain was the largest since March… The post Employers add 162,000 jobs in August in strongest gain since March, topping forecasts appeared fir…
Job growth rebounds in August, opening door for Fed to act on inflation
The U.S. economy’s 162,000 jobs far outpaced expectations for August. The Labor Department also revised upward its June and July figures. But in the information sector, job declines might signal effects of artificial intelligence.
U.S. job growth surges in August, unemployment holds at 4.1% | Honolulu Star-Advertiser
WASHINGTON >> U.S. job growth accelerated sharply in August while the unemployment rate held steady at 4.1%, suggesting an improvement in the labor market after recent struggles, keeping an interest rate increase from the Federal Reserve this month on the table.
'Blow expectations out of the water': HUGE GAINS in latest jobs report
The Trump administration is touting the results of the newest jobs report that shows a strong economy with growing employment.The Bureau of Labor Statistics report released Friday said the economy added 162,000 jobs in August, which doubled experts' expectations for the month.'You haven’t seen anything yet!'The president celebrated the report in a post on the Truth Social platform."Great jobs number just announced, breaking all estimates (except…
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