162,000 Jobs Added: What It Means for the Fed | S3 E165 | 09-04-26

The August jobs report landed well above expectations, and it's the last one the Fed will see before its September meeting. The U.S. economy added 162,000 jobs last month against a forecast of just 55,000, with construction, AI-related hiring, and government payrolls all contributing. Megan Horneman breaks down what a beat this size means for interest rate policy. Wages grew three-tenths of a percent for the month, unemployment held at 4.1%, and the labor force added more than half a million...