US adds 162,000 August jobs as Trump pushes lower rates amid deficit warnings

US employers added 162,000 jobs in August. The increase exceeded economist forecasts and rebounded from weakness in earlier months. The unemployment rate remained at 4.1%. Revisions increased the job totals for earlier months. President Trump said the Federal Reserve must lower rates because the United States is a stronger credit risk than before. Trump said the United States should have the lowest interest rate of any country. The United States runs annual deficits of more than $1.2 trillion with partners including China, Mexico and Canada, according to The Wall Street Journal. The stock market fell as investors prepared for a possible Federal Reserve rate hike, The Kobeissi Letter said. The odds of a rate hike at the September meeting rose to around 53%.