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BlockBeats news, on September 5th, the U.S. Bureau of Labor Statistics will release the seasonally adjusted non-farm payroll data for August and the unemployment rate for August tonight at 20:30, including:
· The seasonally adjusted non-farm payroll employment in the U.S. for August is ( million, with an expectation of 7.5 and a previous value of 7.3. This data reports the changes in employment numbers in the U.S. non-farm sector, which excludes agricultural employment data. It is derived from a sample survey of U.S. businesses, government agencies, and the non-agricultural sector. The U.S. Department of Labor releases the non-farm employment data report for the previous month on the first Friday of each month.
· The unemployment rate in the U.S. is expected to be 4.30% in August, compared to the previous value of 4.20%. This data refers to the ratio of unemployed people to the labor force within a certain period (the number of laborers who are willing to work but still do not have jobs among the total employed population during that period). It aims to measure idle labor capacity and is a key indicator of the unemployment situation in a country or region. The unemployment rate is one of the most important economic indicators, heavily influenced by the supply and demand in the labor market as well as economic cycles. The level of unemployment rate also reflects the operational status of the economy.
Before the non-farm payroll data and unemployment rate data are released, the probability of the Federal Reserve cutting interest rates in September on CME has risen to 99.4%. There are: 12 days, 11 hours, and 5 minutes until the next FOMC meeting.