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News Flash
Selected non-farm data confirms that the U.S. job market is weakening,
Lay the foundation for the Federal Reserve to cut interest rates
09-05 20:40
Golden Finance reported that U.S. job growth slowed significantly in August, with the unemployment rate rising to 4.3%, confirming that the labor market is weakening, which lays the groundwork for the Federal Reserve to cut interest rates this month. The employment report released by the U.S. Department of Labor's Bureau of Labor Statistics on Friday showed that non-farm payrolls increased by only 22,000 in August, compared to an expectation of an increase of 75,000, while July's non-farm payrolls were revised to an increase of 79,000.