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September 4, 2026
U.S. Economy Adds 162,000 Jobs in August, Inflation Concerns Persist
- Nonfarm payrolls increased by 162,000 in August, exceeding the 65,000 forecast, with July revised to show a net addition of 44,000 jobs.
- The unemployment rate held steady at 4.1%, while average hourly earnings rose by 3.1%, the weakest year-over-year increase since May 2021.
- Rising inflation and mortgage rates are straining household budgets, with the average 30-year mortgage rate climbing to 6.71%.
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8 Sources
- U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%Sep 4, 2026 at 12:35 PM · CNBC
- US added 162k jobs in August, blowing past expectationsSep 4, 2026 at 12:45 PM · The Hill
- US job market rebounds as employers add 162,000 jobs and unemployment rate holds steadySep 4, 2026 at 1:22 PM · Independent
- US jobs figures fuel rate rise bets as they beat expectationsSep 4, 2026 at 2:38 PM · BBC
- America's jobs scare recedesSep 4, 2026 at 3:58 PM · Axios
- Jobs rebound, making rate hike more likelySep 4, 2026 at 4:35 PM · The Hill
- US economy adds 162,000 jobs in AugustSep 4, 2026 at 9:00 PM · The Hill
- America In Focus: US hiring bounces back in August; mortgage rates climbSep 5, 2026 at 2:10 PM · AP