Bloomberg Surveillance · Friday, September 4, 2026
The US economy added 162,000 jobs in August, significantly surpassing the estimated 55,000. Despite the strong job growth, the unemployment rate remained steady at 4.1%. This positive jobs report led to a negative market reaction, with S&P 500 E-mini futures and Treasuries falling.
“And with your breaking news on the payrolls numbers for August, the two-month payroll net revision data adds 55,000 jobs to the United States. Non-farm payrolls rising, therefore, month on month by 162,000. That is a Well, three times the estimate, 55,000.”
“The unemployment rate, though, stays the same, 4.1%. The estimate had been for that to stay on hold. And indeed, that's where we are. So, S & P 500, E-mini futures this morning turn negative. They're down by two-tenths of 1%.”
“So, this in breaking news, Treasury's tumbling after August job creation tops estimates.”