{"id":2950,"date":"2026-09-04T16:38:57","date_gmt":"2026-09-04T16:38:57","guid":{"rendered":"https:\/\/blueroutejournal.com\/?p=2950"},"modified":"2026-09-04T16:38:57","modified_gmt":"2026-09-04T16:38:57","slug":"jobs-report-smashes-expectations-see-the-numbers","status":"publish","type":"post","link":"https:\/\/blueroutejournal.com\/?p=2950","title":{"rendered":"Jobs Report Smashes Expectations. See The Numbers."},"content":{"rendered":"<div>\n<div>\n<p><span>Employers in the United States added 162,000 jobs in August, crushing expectations of 53,000. The unemployment rate stayed unchanged at 4.1%\u00a0<\/span><\/p>\n<p>Read more <a href=\"https:\/\/blueroutejournal.com\/?p=2948\">Lindsay Clancy Mistrial Put On Ice After Defense Hail Mary<\/a><\/p>\n<p><span>The new report also revised July\u2019s weaker jobs report from a 23,000 decline to a gain of 21,000 jobs. Job gains in August were led by education, manufacturing, construction, the food service industry, and healthcare.\u00a0<\/span><\/p>\n<p><span>Education added 42,000 jobs, which was expected as teachers were added back to the payroll with school starting and offsetting a decline in July. Manufacturing jobs continued to rise, adding 16,000 jobs, signaling continued strength in the industry. <\/span><\/p>\n<p><span>Since December, manufacturing jobs are up 58,000. Construction jobs increased by 22,000. Construction jobs were one of the only positive growth areas in July\u2019s jobs report. Typically, strong growth in construction jobs often leads to growth in manufacturing jobs. Healthcare also added to its upward trend with 13,000 jobs in August. The food and beverage industry increased by 59,000 jobs.\u00a0<\/span><\/p>\n<p><span>Wages also had a slight increase. Average hourly earnings rose by 0.3% in August to $37.75. Over the past 12 months, wages are up 3.1%\u00a0<\/span><\/p>\n<p><span>President Donald Trump\u2019s National Economic Council Director Kevin Hassett told CNBC, \u201cThis number was way, way better than I expected. \u2026 We went back and looked and 77 people posted their forecast at Bloomberg, and this blew past everybody. \u2026 It\u2019s really a blockbuster number.\u201d\u00a0<\/span><\/p>\n<p><span>Hassett attributed the \u201cblockbuster number\u201d to Trump\u2019s policy success. \u201cCapital spending is through the roof. It\u2019s getting set to about double since President Trump took office relative to GDP and you\u2019re seeing the construction of factories through the roof,\u201d he said. <\/span><\/p>\n<p><span>Hassett argued that capital spending is up because of Trump\u2019s tariffs causing companies to onshore activity, along with tax changes related to depreciation.<\/span><\/p>\n<p><span>\u201cThe expensing is making people want to invest like crazy, which is creating construction jobs,\u201d he added.<\/span><\/p>\n<p>Read more <a href=\"https:\/\/blueroutejournal.com\/?p=2946\">Gas Prices Jump As Americans Brace For Most Expensive Labor Day At The Pump Ever<\/a><\/p>\n<p><span>Under the Trump administration\u2019s \u201cBig Beautiful Bill,\u201d companies are able to expense 100% of the equipment they put to use in the first year \u2014 meaning that if a company bought $1 million of new machinery, it could deduct that $1 million immediately from its taxable income rather than spreading the deduction over the equipment\u2019s useful life.\u00a0<\/span><\/p>\n<p><span>Hassett said the momentum from the positive jobs reports might deter the Federal Reserve from raising rates. <\/span><\/p>\n<p><span>\u201cIn his most recent statements as [Fed] Chairman [Kevin] Warsh, he thinks that you really got to keep your eyes focused like a hawk on inflation and that if you\u2019ve got growth that\u2019s supply side than it doesn\u2019t necessarily mean you have to raise rates, it\u2019s the same thing that Greenspan believed,\u201d he said.<\/span><\/p>\n<p><span>He added that the Fed\u2019s eyes will be on the inflation numbers set to come out next week. Trump, however, isn\u2019t waiting on the inflation numbers from the Consumer Price Index next week to weigh in on his thoughts for the Fed. Trump wrote on Truth Social Friday, \u201cGreat jobs number just announced, breaking all estimates (except mine!). \u2026 Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago!\u201d <\/span><\/p>\n<p><span>Trump then pressured Warsh and the Board of Governors to \u201cget smart\u201d and \u201cbe patriots for change.\u201d\u00a0<\/span><\/p>\n<p>Roughly $10 trillion in federal debt is expected to mature during 2026, requiring the Treasury Department to refinance it. Lower borrowing costs would reduce the government\u2019s interest expenses as that debt is rolled over.<\/p>\n<p>The Fed, however, must also weigh the risk that lower rates could intensify inflation, which has remained above its 2% target for more than five years. The war with Iran has added to those pressures by driving oil prices higher. Warsh has emphasized that the central bank remains committed to restoring price stability and has warned against declaring a premature victory over inflation.<\/p>\n<p>Read more <a href=\"https:\/\/blueroutejournal.com\/?p=2945\">WATCH: SWAT Team Uses Armored Vehicle To Squash Wild Gunman After 200 Shots Fired<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Employers in the United States added 162,000 jobs in August, crushing expectations of 53,000. The unemployment rate stayed unchanged at 4.1%\u00a0The new report also revised July\u2019s weaker jobs report from a 23,000 decline to a gain of 21,000 jobs. Job gains in August were led by education, manufacturing, construction, the food service industry, and healthcare.\u00a0Education added 42,000 jobs, which was expected as teachers were added back to the payroll with school starting and offsetting a decline in July. Manufacturing jobs continued to rise, adding 16,000 jobs, signaling continued strength in the industry. Since December, manufacturing jobs are up 58,000. Construction jobs increased by 22,000. Construction jobs were one of the only positive growth areas in July\u2019s jobs report. Typically, strong growth in construction jobs often leads to growth in manufacturing jobs. Healthcare also added to its upward trend with 13,000 jobs in August. The food and beverage industry increased by 59,000 jobs.\u00a0Wages also had a slight increase. Average hourly earnings rose by 0.3% in August to $37.75. Over the past 12 months, wages are up 3.1%\u00a0President Donald Trump\u2019s National Economic Council Director Kevin Hassett told CNBC, \u201cThis number was way, way better than I expected. \u2026 We went back and looked and 77 people posted their forecast at Bloomberg, and this blew past everybody. \u2026 It\u2019s really a blockbuster number.\u201d\u00a0Hassett attributed the \u201cblockbuster number\u201d to Trump\u2019s policy success. \u201cCapital spending is through the roof. It\u2019s getting set to about double since President Trump took office relative to GDP and you\u2019re seeing the construction of factories through the roof,\u201d he said. Hassett argued that capital spending is up because of Trump\u2019s tariffs causing companies to onshore activity, along with tax changes related to depreciation.\u201cThe expensing is making people want to invest like crazy, which is creating construction jobs,\u201d he added.Under the Trump administration\u2019s \u201cBig Beautiful Bill,\u201d companies are able to expense 100% of the equipment they put to use in the first year \u2014 meaning that if a company bought $1 million of new machinery, it could deduct that $1 million immediately from its taxable income rather than spreading the deduction over the equipment\u2019s useful life.\u00a0Hassett said the momentum from the positive jobs reports might deter the Federal Reserve from raising rates. \u201cIn his most recent statements as [Fed] Chairman [Kevin] Warsh, he thinks that you really got to keep your eyes focused like a hawk on inflation and that if you\u2019ve got growth that\u2019s supply side than it doesn\u2019t necessarily mean you have to raise rates, it\u2019s the same thing that Greenspan believed,\u201d he said.He added that the Fed\u2019s eyes will be on the inflation numbers set to come out next week. Trump, however, isn\u2019t waiting on the inflation numbers from the Consumer Price Index next week to weigh in on his thoughts for the Fed. Trump wrote on Truth Social Friday, \u201cGreat jobs number just announced, breaking all estimates (except mine!). \u2026 Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago!\u201d Trump then pressured Warsh and the Board of Governors to \u201cget smart\u201d and \u201cbe patriots for change.\u201d\u00a0Roughly $10 trillion in federal debt is expected to mature during 2026, requiring the Treasury Department to refinance it. Lower borrowing costs would reduce the government\u2019s interest expenses as that debt is rolled over.The Fed, however, must also weigh the risk that lower rates could intensify inflation, which has remained above its 2% target for more than five years. The war with Iran has added to those pressures by driving oil prices higher. Warsh has emphasized that the central bank remains committed to restoring price stability and has warned against declaring a premature victory over inflation.<\/p>\n","protected":false},"author":1,"featured_media":2949,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jobs Report Smashes Expectations. See The Numbers. - Blue Route Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blueroutejournal.com\/?p=2950\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jobs Report Smashes Expectations. See The Numbers. - Blue Route Journal\" \/>\n<meta property=\"og:description\" content=\"Employers in the United States added 162,000 jobs in August, crushing expectations of 53,000. The unemployment rate stayed unchanged at 4.1%\u00a0The new report also revised July\u2019s weaker jobs report from a 23,000 decline to a gain of 21,000 jobs. Job gains in August were led by education, manufacturing, construction, the food service industry, and healthcare.\u00a0Education added 42,000 jobs, which was expected as teachers were added back to the payroll with school starting and offsetting a decline in July. Manufacturing jobs continued to rise, adding 16,000 jobs, signaling continued strength in the industry. Since December, manufacturing jobs are up 58,000. Construction jobs increased by 22,000. Construction jobs were one of the only positive growth areas in July\u2019s jobs report. Typically, strong growth in construction jobs often leads to growth in manufacturing jobs. Healthcare also added to its upward trend with 13,000 jobs in August. The food and beverage industry increased by 59,000 jobs.\u00a0Wages also had a slight increase. Average hourly earnings rose by 0.3% in August to $37.75. Over the past 12 months, wages are up 3.1%\u00a0President Donald Trump\u2019s National Economic Council Director Kevin Hassett told CNBC, \u201cThis number was way, way better than I expected. \u2026 We went back and looked and 77 people posted their forecast at Bloomberg, and this blew past everybody. \u2026 It\u2019s really a blockbuster number.\u201d\u00a0Hassett attributed the \u201cblockbuster number\u201d to Trump\u2019s policy success. \u201cCapital spending is through the roof. It\u2019s getting set to about double since President Trump took office relative to GDP and you\u2019re seeing the construction of factories through the roof,\u201d he said. Hassett argued that capital spending is up because of Trump\u2019s tariffs causing companies to onshore activity, along with tax changes related to depreciation.\u201cThe expensing is making people want to invest like crazy, which is creating construction jobs,\u201d he added.Under the Trump administration\u2019s \u201cBig Beautiful Bill,\u201d companies are able to expense 100% of the equipment they put to use in the first year \u2014 meaning that if a company bought $1 million of new machinery, it could deduct that $1 million immediately from its taxable income rather than spreading the deduction over the equipment\u2019s useful life.\u00a0Hassett said the momentum from the positive jobs reports might deter the Federal Reserve from raising rates. \u201cIn his most recent statements as [Fed] Chairman [Kevin] Warsh, he thinks that you really got to keep your eyes focused like a hawk on inflation and that if you\u2019ve got growth that\u2019s supply side than it doesn\u2019t necessarily mean you have to raise rates, it\u2019s the same thing that Greenspan believed,\u201d he said.He added that the Fed\u2019s eyes will be on the inflation numbers set to come out next week. Trump, however, isn\u2019t waiting on the inflation numbers from the Consumer Price Index next week to weigh in on his thoughts for the Fed. Trump wrote on Truth Social Friday, \u201cGreat jobs number just announced, breaking all estimates (except mine!). \u2026 Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago!\u201d Trump then pressured Warsh and the Board of Governors to \u201cget smart\u201d and \u201cbe patriots for change.\u201d\u00a0Roughly $10 trillion in federal debt is expected to mature during 2026, requiring the Treasury Department to refinance it. Lower borrowing costs would reduce the government\u2019s interest expenses as that debt is rolled over.The Fed, however, must also weigh the risk that lower rates could intensify inflation, which has remained above its 2% target for more than five years. The war with Iran has added to those pressures by driving oil prices higher. Warsh has emphasized that the central bank remains committed to restoring price stability and has warned against declaring a premature victory over inflation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blueroutejournal.com\/?p=2950\" \/>\n<meta property=\"og:site_name\" content=\"Blue Route Journal\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-04T16:38:57+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=2950#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=2950\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/#\\\/schema\\\/person\\\/19da116f8d79cf8987781569801c6b7c\"},\"headline\":\"Jobs Report Smashes Expectations. 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See The Numbers. - Blue Route Journal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blueroutejournal.com\/?p=2950","og_locale":"en_US","og_type":"article","og_title":"Jobs Report Smashes Expectations. See The Numbers. - Blue Route Journal","og_description":"Employers in the United States added 162,000 jobs in August, crushing expectations of 53,000. The unemployment rate stayed unchanged at 4.1%\u00a0The new report also revised July\u2019s weaker jobs report from a 23,000 decline to a gain of 21,000 jobs. Job gains in August were led by education, manufacturing, construction, the food service industry, and healthcare.\u00a0Education added 42,000 jobs, which was expected as teachers were added back to the payroll with school starting and offsetting a decline in July. Manufacturing jobs continued to rise, adding 16,000 jobs, signaling continued strength in the industry. Since December, manufacturing jobs are up 58,000. Construction jobs increased by 22,000. Construction jobs were one of the only positive growth areas in July\u2019s jobs report. Typically, strong growth in construction jobs often leads to growth in manufacturing jobs. Healthcare also added to its upward trend with 13,000 jobs in August. The food and beverage industry increased by 59,000 jobs.\u00a0Wages also had a slight increase. Average hourly earnings rose by 0.3% in August to $37.75. Over the past 12 months, wages are up 3.1%\u00a0President Donald Trump\u2019s National Economic Council Director Kevin Hassett told CNBC, \u201cThis number was way, way better than I expected. \u2026 We went back and looked and 77 people posted their forecast at Bloomberg, and this blew past everybody. \u2026 It\u2019s really a blockbuster number.\u201d\u00a0Hassett attributed the \u201cblockbuster number\u201d to Trump\u2019s policy success. \u201cCapital spending is through the roof. It\u2019s getting set to about double since President Trump took office relative to GDP and you\u2019re seeing the construction of factories through the roof,\u201d he said. Hassett argued that capital spending is up because of Trump\u2019s tariffs causing companies to onshore activity, along with tax changes related to depreciation.\u201cThe expensing is making people want to invest like crazy, which is creating construction jobs,\u201d he added.Under the Trump administration\u2019s \u201cBig Beautiful Bill,\u201d companies are able to expense 100% of the equipment they put to use in the first year \u2014 meaning that if a company bought $1 million of new machinery, it could deduct that $1 million immediately from its taxable income rather than spreading the deduction over the equipment\u2019s useful life.\u00a0Hassett said the momentum from the positive jobs reports might deter the Federal Reserve from raising rates. \u201cIn his most recent statements as [Fed] Chairman [Kevin] Warsh, he thinks that you really got to keep your eyes focused like a hawk on inflation and that if you\u2019ve got growth that\u2019s supply side than it doesn\u2019t necessarily mean you have to raise rates, it\u2019s the same thing that Greenspan believed,\u201d he said.He added that the Fed\u2019s eyes will be on the inflation numbers set to come out next week. Trump, however, isn\u2019t waiting on the inflation numbers from the Consumer Price Index next week to weigh in on his thoughts for the Fed. Trump wrote on Truth Social Friday, \u201cGreat jobs number just announced, breaking all estimates (except mine!). \u2026 Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago!\u201d Trump then pressured Warsh and the Board of Governors to \u201cget smart\u201d and \u201cbe patriots for change.\u201d\u00a0Roughly $10 trillion in federal debt is expected to mature during 2026, requiring the Treasury Department to refinance it. Lower borrowing costs would reduce the government\u2019s interest expenses as that debt is rolled over.The Fed, however, must also weigh the risk that lower rates could intensify inflation, which has remained above its 2% target for more than five years. The war with Iran has added to those pressures by driving oil prices higher. Warsh has emphasized that the central bank remains committed to restoring price stability and has warned against declaring a premature victory over inflation.","og_url":"https:\/\/blueroutejournal.com\/?p=2950","og_site_name":"Blue Route Journal","article_published_time":"2026-09-04T16:38:57+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blueroutejournal.com\/?p=2950#article","isPartOf":{"@id":"https:\/\/blueroutejournal.com\/?p=2950"},"author":{"name":"admin","@id":"https:\/\/blueroutejournal.com\/#\/schema\/person\/19da116f8d79cf8987781569801c6b7c"},"headline":"Jobs Report Smashes Expectations. 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