{"id":437542,"date":"2026-09-04T19:30:06","date_gmt":"2026-09-04T12:30:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-august-non-farm-payrolls-162k-vs-56k-expected-437542\/"},"modified":"2026-09-04T19:30:06","modified_gmt":"2026-09-04T12:30:06","slug":"us-august-non-farm-payrolls-162k-vs-56k-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-august-non-farm-payrolls-162k-vs-56k-expected-437542\/","title":{"rendered":"US August non-farm payrolls +162K vs +56K expected"},"content":{"rendered":"<div>\n<ul>\n<li class=\"whitespace-normal break-words pl-2\"><a href=\"https:\/\/investinglive.com\/news\/us-july-non-farm-payrolls-23k-vs-80k-expected\/\" rel=\"follow\">Prior <\/a>was -23K<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Two-month net revision +55K<\/li>\n<li class=\"whitespace-normal break-words pl-2\">June was +57K<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Unemployment rate 4.1% vs 4.1% expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prior unemployment rate 4.1%<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Unrounded unemployment 4.1413% vs 4.0900% prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Participation rate 61.6% vs 61.4% prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">U6 underemployment rate 7.7% vs 7.9% prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Average hourly earnings +0.3% m\/m vs +0.3% expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Average hourly earnings +3.1% y\/y vs +3.0% expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Average weekly hours 34.4 vs 34.3 expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Change in private payrolls +127K vs +45K expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prior private payrolls +30K\u00a0 <\/li>\n<li class=\"whitespace-normal break-words pl-2\">Change in manufacturing payrolls +16K vs +5K expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Government payrolls +35K vs -53K prior<\/li>\n<\/ul>\n<p>Ahead of the report, fed funds futures were pricing in a 50% chance of a September rate hike and 32 bps of hikes this year. USD\/JPy was trading at 156.13 and S&amp;P 500 futures were up 2 points.<\/p>\n<p>This is a great report and there is a big US dollar bid in the aftermath. The jump in participation is a nice reversal from the recent trend and it&#8217;s what kept the unemployment rate at 4.1% rather than lower.\u00a0<\/p>\n<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was -23K Two-month net revision +55K June was +57K Unemployment rate 4.1% vs 4.1% expected Prior unemployment rate 4.1% Unrounded unemployment 4.1413% vs 4.0900% prior Participation rate 61.6% vs 61.4% prior&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437542","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437542"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437542\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}