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US NFP Surges +162K in August; Canada Employment Falls 41.7K
US nonfarm payrolls rose 162K in August, well above the TE 56K and Primary consensus +55K consensus stamps. Canada employment fell 41.7K in the same slot. The morning NFP preview stays preview only.
E
Editor
Sep 4, 2026 · 19h ago
1 min read13 views
The US added 162K nonfarm payrolls in August. That is the Trading Economics NFP stamp, well above the TE / the wire consensus of 56K and the desk Primary consensus consensus of +55K.
Canada printed in the same slot: employment fell 41.7K, missing a +15K / +15.1K consensus cluster, after July’s +75.1K. That is the Trading Economics Canada employment stamp. The earlier NFP preview stays preview only.
US payrolls, revisions, and the wage stack
TE calendar Previous for July is 21K. TE prose separately stamps an upwardly revised 23K July rise.
June and July nonfarm payrolls were revised up by a combined 55K. Unemployment held at 4.1%. Average hourly earnings rose 0.3% month-on-month (previous 0.2%) and 3.1% year-on-year (previous 3.2%). The TE forecast stream flags that annual wage growth path as the softest since May 2021.
Participation rose to 61.6% from 61.4%. Private payrolls added 127K.
Where the US jobs came from
Food services and drinking places added 59K. Local government education added 42K. Manufacturing rose 16K. Health care continued up 13K. Information fell 23K.
Canada miss in the same slot
Canada employment declined 41.7K versus consensus for a 15K / 15.1K gain, after July’s +75.1K. The unemployment rate held at 6.4%. Live USD/CAD is the pre-print loonie sibling.
Asian-session dollar index stays the soft DXY sibling.
Post-print gold tumble toward $4,380 is the metals reaction under the same blockbuster jobs stamp.
Post-print EUR/USD slip toward 1.1605 is the euro reaction under the same blockbuster jobs stamp.
Post-print USD/JPY hold near 155.85 is the yen reaction under the same blockbuster jobs stamp.
Post-print USD/CAD rise toward 1.3850 is the loonie reaction under the same US/Canada jobs stamp.
Post-print Trump presses Fed for lower rates is the Washington reaction under the same blockbuster jobs stamp.
Post-print GBP/USD rebound toward 1.3512 is the sterling reaction under the same blockbuster jobs stamp.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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