Economy

U.S. economy added many more jobs than expected in August. What Wall Street is saying

The U.S. jobs market forgot about the dog days of August and saw scorching growth.

Here are our top 10 things to watch in the stock market Friday

Bond yields jumped and stocks dipped after a strong August jobs report.

August jobs report shows U.S. added 162,000 jobs, more than double economists' forecasts

Updated on: September 4, 2026 / 3:13 PM EDT / CBS News

US added 162,000 jobs in August, with unemployment rate holding steady

Number of new jobs being added has been fluctuating, with private companies adding 38,000 jobs in August

Diesel hits record high as Ukraine and Iran wars knock out refineries, fueling inflation worries

Higher prices come as Ukraine pounds Russian refineries, forcing Moscow to ban diesel exports.

U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%

Nonfarm payrolls were expected to increase by 53,000 in August while the unemployment rate held at 4.1%, according to the Dow Jones consensus.

A storm destroyed her tea factory. One Canadian friend kept the business alive 2,300 miles away

Two businesswomen made a promise to each other, and after two years of support, the Asheville Tea Company in North Carolina will reopen

Gas prices: On pace to be the most expensive Labor Day in US history

The national average price for regular gas continues to rise on Friday, reaching $4.15 per gallon, according to AAA. It is an increase from a week ago, and also a month ago, when regular gas was $4.09 per gallon. If gas prices remain at the current level, they will set a record high for fuel costs on Labor Day. The previous record from Sept. 3, 2012, was $3.82 per gallon. According to AAA, the national average price for a gallon of regular gas has never exceeded the $4 per gallon price point in the country’s history.

Private equity faces existential crisis in US as unsold companies pile up

Private equity firms and the companies they own employ over 13 million, from startups to rural hospitals and large retailers, but experts’ concerns of collapse are growing

Sturdy stock market mints a record number of 401(k) millionaires

September 4, 2026 / 5:00 AM EDT / CBS News

Volkswagen plans 50,000 job cuts as analysts see ‘halo effect’ for German auto industry

Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of its transformation plan.

Global bond sell-off likely not over yet, Mohamed El-Erian tells CNBC

In a wide-ranging interview, the renowned economist also said the U.S. Treasury had taken "a step too far" with its market intervention.