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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 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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WPLG broke the news in Miami, United States on Thursday, September 3, 2026.
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