Government reports help us understand how the economy is performing. From jobs and inflation to GDP and consumer spending, these indicators can offer clues about where the economy is heading.
\n\nA job seeker waits to talk to a recruiter at a job fair Aug. 28, 2025, in Sunrise, Fla. (AP Photo/Marta Lavandier, File)
\n\nWASHINGTON (AP) — The U.S. labor market bounced back in August as employers added a surprising 162,000 jobs, ending a summer of lackluster hiring with a bang.
\n\nThe unemployment rate remained at a low 4.1%.
\n\nHiring far exceeded the 65,000 jobs that forecasters had expected, according to a poll by FactSet. Labor Department revisions also looked good, adding 55,000 to June and July payrolls. Employers created 21,000 jobs in July; the Labor Department had originally reported that they’d cut 23,000.
\n\nTwo months before the midterm elections, President Donald Trump welcomed the strong hiring report Friday. “Great jobs number just announced, breaking all estimates (except mine!) by double and triple – And you haven’t seen anything yet!” Trump wrote in a social media post.
\n\nAP Washington correspondent Sagar Meghani reports the jobs market staged a strong comeback in August.
\n\nBut inflation has dominated conversations this year in business…
Original source: https://apnews.com/business