The U.S. economy created 162,000 jobs in August 2026, significantly exceeding expectations, according to the Bureau of Labor Statistics. While the information sector saw a decline, losing 23,000 jobs, growth was observed in manufacturing (+16,000), construction (+22,000), healthcare (+13,000), and food services (+59,000). The overall unemployment rate held steady at 4.1%.
This job growth occurs amidst ongoing transitions driven by AI technologies, which, while affecting certain tech-sector jobs, are also fostering hiring in other areas. The Liberty All-Star Equity Fund (USA), paying an 11.4% dividend, has positioned itself to benefit from this economic shift, holding major stocks like NVIDIA, Alphabet, and Microsoft.
Investors are currently presented with a unique opportunity as the fund trades at a significant discount to its net asset value, potentially enhancing future returns as the economic impact of AI unfolds positively over time.
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