The U.S. economy added 162,000 jobs in August, nearly three times the expected 56,000, while unemployment held at 4.1%. Food services and drinking places contributed 59,000 jobs, well above their average monthly increase of 12,000 over the previous year. The hiring strength could support consumer resilience because restaurants depend heavily on discretionary spending, and employment and wage growth can influence dining traffic and sales. That has focused attention on the Invesco Leisure and Entertainment ETF (PEJ), which holds about 30 companies across restaurants, hotels, travel, entertainment and related consumer businesses. Hotels, Restaurants & Leisure accounts for 59.34% of the fund, whose holdings include Starbucks Corp, Marriott International Inc, and US Foods Holding Corp. PEJ attracted roughly $177 million in August, more than its total inflows through July and a reversal from subdued flows earlier in the year. The fund had struggled through late May before recovering from June onward, but remained up only around 5% year-to-date and behind the broader S&P 500. Higher Treasury yields following the jobs report could pressure consumer-discretionary stocks through borrowing costs and equity valuations. The key question is whether the restaurant hiring surge translates into stronger sales and traffic, potentially confirming a consumer signal investors have only recently begun to price in.