US Economy Surges with 162,000 Jobs, But Markets Fall Under Trump Pressure
The US economy experienced an unexpected surge in August 2026, adding 162,000 jobs. This growth was mainly driven by hiring in the school and food service sectors, despite losses in the information and finance industries.
The strong job numbers increased expectations that the Federal Reserve might raise interest rates. However, stock markets fell after President Donald Trump demanded rate cuts and threatened new trade tariffs.
Meanwhile, Canada's economy shed 41,700 jobs due to ongoing trade tensions, population declines, and international conflicts.