U.S. economy adds 162,000 jobs in August 2026

In August 2026, the U.S. economy added 162,000 jobs, keeping the unemployment rate at 4.1%. The private sector contributed significantly, with notable gains in leisure, hospitality, and construction. Despite this growth, many households struggle with high living costs, and wage increases have not matched inflation. The Federal Reserve is monitoring these trends as they prepare for an upcoming meeting to discuss interest rates.