Employers added a surprising 162,000 jobs in August, exceeding the forecast of 65,000. The unemployment rate remained at 4.1%, a relatively low level. Revisions to previous months' payrolls also showed positive gains, with 55,000 more jobs added to June and July.

The strong hiring report was welcomed by President Donald Trump, who commented on social media about the positive jobs number.

Inflation remains a concern, dominating conversations in business and households, and frustrating voters with high costs. Further details on the jobs report and its implications are available.