JPMorgan Chase & CoJPM
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JPMorgan Chase & CoUS adds 162,000 jobs in August, triple expectations, CNBC's Santelli says
Macro Impact 4
The U.S. economy added 162,000 nonfarm payroll jobs in August, more than three times the 53,000 economists had expected, prompting CNBC's Rick Santelli to exclaim, "Wow, wow, wow!" during live coverage. The Bureau of Labor Statistics report also revised June's gain upward from 20,000 to 31,000 jobs and transformed July's initially reported loss of 23,000 into a gain of 21,000, making employment growth in those two months stronger by 55,000 jobs. Manufacturing added 16,000 jobs, its strongest showing since late 2023, and has increased by 58,000 since December 2025. The unemployment rate held steady at 4.1% even as the labor force participation rate rose to 61.6%, and the average private-sector workweek ticked up to 34.4 hours. Santelli called the report "the best level going back to March," when the high-water mark was 214,000 jobs.
JPMorgan Chase & Co