US payrolls rise 162K in August as unemployment holds at 4.1%
US payrolls increased by 162K in August while the unemployment rate held at 4.1%, with hiring described as a strong beat versus expectations.
NFP showed strong hiring and beat expectations with 162K new jobs. Canada lost jobs as employment shrank in finance and retail. Trump said he would slash rates or end trade with countries with US surpluses. Fed's Hammack said it is time to act to bring down inflation.
US and China AI talks are tentatively scheduled for mid-September. US Witkoff and Kushner are due to visit Russia and Ukraine on September 5-6. German manufacturing recovery continued, with orders climbing for a third month. A BOE survey pointed to cooling price pressures for the UK.
US retail diesel hit a record as Hormuz and Russia crises stretched on. China rare earth firms have halted some shipments to the US. NHTSA opened a probe into Tesla's Cybercab rollout. BlackRock's Tseng is leaving as TCPC's CEO after a tumultuous year.
DeepSeek plans a big Huawei AI chip order to power a new data center. SoftBank's 1 trillion retail bond rejuvenates Japan's debt market.