Behind the Markets Podcast · Friday, September 4, 2026
The latest US jobs report showed a 'blowout' performance, with 162,000 jobs added, exceeding estimates. Revisions to previous months added a significant 555,000 jobs. The participation rate is also up, indicating a healthy labor market.
“Maybe the new normal is 50 to 100. I don't know. I mean, yeah, this was blowout. I mean, yeah, uh, you know, Sam is right. I mean, there were there there is a big upward on teachers, which is, you know, 50 and and and all the rest. But even then, you first of all, you take the number 162. was higher than anyone's estimates.”
“Secondly, take the revisions, positive 555,000. I mean, that itself, um, of the previous two months, you know, showing off sets the, you know, say the local hiring.”
“Take a look at the number of hours, up 10, tenth. We talked about the fact that, you know, it's total hours worked, which is number of people times hours. So, you know, every tenth of a tenth of an hour is equivalent to, you know, 100,000 or more people.”
“The participation rate finally going up. I mean, this is, I mean, everything about it, you know, uh, uh, you know, is good.”
“And then wages come, I mean, you still have 3.1% year over year, no pressure, really, um, on on the wages.”