The United States created 162,000 non-farm jobs in August 2026, well above the approximately 56,000 positions expected by economists, according to the Bureau of Labor Statistics. The unemployment rate remains stable at 4.1 % and revisions to previous months add 55,000 jobs to prior estimates. Wage growth remains moderate at 3.1 % year-over-year, at 37.75 dollars per hour. These figures strengthen the case for Fed officials favoring prolonged high rates, making the September decision even more delicate. For markets, this robust report produces the classic good news is bad news effect, with the dollar and bond yields heading higher.
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