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US Treasury Secretary Bessent says that jobs data show that economy is not just being driven by the AI boom

StockNow breaking-news AI analysis

US payrolls rose 162,000 in August, reflecting broad economic momentum beyond AI, while Canada reported a loss of 41,700 jobs over the same period.

News detail

Notes that Canada lost more than 40k jobs, whilst the US had a blowout number.

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U.S. Economy

US Non Farm Payrolls (Aug) 162K vs. Exp. 56K (Prev. 21K); 2-month net revision +55k; Birth-Death 154K

Fed

US President Trump posts "Great jobs number just announced, breaking all estimates"; renewed calls for sharply lower interest rates and threatened to halt trade with countries running surpluses against the US if rates remain high

U.S. Economy

US Unemployment Rate (Aug) 4.1% vs. Exp. 4.1% (Prev. 4.1%)