U.S. job market rebounds in August as employers add 162,000 jobs

WASHINGTON — The U.S. job market rebounded in August as employers added a surprising 162,000 jobs. The unemployment rate stayed at a low 4.1 percent. Hiring far exceeded the 65,000 forecasters had expected, according to a poll by FactSet. Labor Department revisions also looked good, adding 55,000 to June and July payrolls. Employers created 21,000 jobs in July; the Labor Department had originally reported that they’d cut 23,000. Two months before the midterm elections, President Donald Trump welcomed the strong hiring report Friday. “Great jobs number just announced, breaking all estimates (except mine!) by double and triple - And you haven’t seen anything yet!” Trump wrote in a social media post. But it is inflation that has dominated conversations this year at both business and in households. Voters are increasingly frustrated by higher costs , particularly fuel prices that have hit record levels since the U.S. and Israel attacked Iran in late February. And meager pay raises have made rising prices more painful for many. Average hourly wages rose 3.1 percent last month from a

The US job market rebounded in August as employers added a surprising 162,000 jobs. The unemployment rate stayed at a low 4.1 per cent. The jobs report, issued by the Labour Department on Friday, could be good news for President Donald Trump two months before midterm elections in which the health of the economy is weighing on voters’ minds. Hiring far exceeded the 65,000 forecasters had expected, according to a poll by FactSet. Labour Department revisions also looked good, adding 55,000 to June...

WASHINGTON — The U.S. job market rebounded in August as employers added a surprising 162,000 jobs. The unemployment rate stayed at a low 4.1%. The jobs report, issued by the Labor Department Friday, could be good news for President Donald Trump two months before midterm elections in which the health of the economy is weighing on voters' minds. Hiring far exceeded the 65,000 forecasters had expected, according to a poll by FactSet. Labor Department revisions also looked good, adding 55,000 to June and July payrolls. Employers created 21,000 jobs in July; the Labor Department had originally reported that they’d cut 23,000. Restaurants and bars added 59,000 jobs last month, construction companies 22,000 and manufacturers 16,000. And the U.S. labor force — the number of people working or looking for work — jumped by 683,000 last month after falling in June and July. Yet many households are struggling with the high cost of living, and wage gains aren’t helping much. Average hourly wages rose 3.1% last month from a year earlier, the weakest year-over-year increase since May 2021. Frida

The jobs report, released Friday by the Labor Department, may offer a welcome signal for President Donald Trump just two months prior to midterm elections