Payroll employment increases by 162,000 in August; unemployment rate unchanged at 4.1%

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The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 162,000 in August 2026, with the unemployment rate unchanged at 4.1 percent and the number of unemployed people at 7.0 million. The agency noted employment gains in food services and drinking places (+59,000) and local government education (+42,000), while the information industry lost jobs (-23,000). Average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents, or 0.3 percent, to $37.75, with a 3.1 percent increase over the year. The BLS also revised June's payroll change up by 11,000 to +31,000 and July's up by 44,000 to +21,000, stating that combined employment for those two months is 55,000 higher than previously reported.

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