August jobs report beats predictions, bounces back after July
The August jobs report, released Friday by the Labor Department, painted a much rosier picture of the U.S. economy than the previous report.
by Summer Lane | September 4, 2026
The latest data on the U.S. economy seemed to highlight a turnaround, following last month’s numbers that lagged surprisingly behind.
According to the August jobs report, released Friday by the Labor Department, the U.S. added 162,000 jobs last month – an encouraging sign for a country struggling to balance wartime pressure and a volatile energy market.
The unemployment rate held steady at 4.1 percent. Employment increased in food services and drinking places, and local government education, according to the report.
“Great jobs number just announced, breaking all estimates (except mine!) by double and triple – And you haven’t seen anything yet!” President Trump remarked on Truth Social, reacting to Friday’s data.
The president called on the Federal Reserve to lower the interest rates “because the U.S.A. is a much stronger credit than it was just a short time ago!”
He added, “A STRONG COUNTRY MEANS A LOWER INTEREST RATE – IT’S A BETTER CREDIT…Very simple! We should have the LOWEST RATE of any country in the World, like ‘the old days.’
President Trump argued that the Federal Reserve Board of Governors should “get smart” and “BE PATRIOTS for a change.”
“High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen,” he continued.
Friday’s report demonstrates a sharp turnaround from July. As reported by LindellTV, the U.S. economy lost 23,000 jobs, amid the slog of war with Iran and the conclusion of the labor-fueling FIFA World Cup games.
National Economic Council Director Kevin Hassett told NBC News Now on Friday that, based on the newest jobs report, President Donald Trump’s administration had added around one million new jobs to the U.S. economy since January 2025.
“The thing that I find most striking is that there are now 90,000 people who are working — this has gone up enormously since President Trump took office — building factories,” he remarked.
Photo: Pixabay
