The Globe and Mail reports in its Saturday, Sept. 5, edition that the United States Bureau of Labor Statistics reported Friday that employers added 162,000 jobs in August, coming in hotter than expectations of 55,000 jobs. The Globe's Sophia Bertuzzi writes that the U.S. unemployment rate held steady at 4.1 per cent. The previous two months of U.S. labour results were revised higher, which meant that July saw a gain of 21,000 jobs. The bureau had previously recorded an unexpected net decline in positions that month. The three-month average for employment growth, a metric that economists use to smooth out volatility in the month-to-month numbers, fell from more than 60,000 in July to around 17,000 in August. While the U.S. report is pointing to signs of a healthy labour market, that means all eyes will be on this week's CPI report, before the U.S. Federal Reserve's interest rate decision on Sept. 16. On Friday morning, the U.S. two-year Treasury yield -- which reacts in line with short-term Fed decisions -- rose to 4.425 per cent on news of the jobs report, its highest level since January, 2025. Traders are currently pricing in a 60-per-cent chance of a hike for the upcoming meeting.