The U.S. Bureau of Labor Statistics (BLS) will release the August non-farm payroll report at 20:30 Beijing time on September 5.
Economists expect an increase of 75,000 in non-farm payrolls for August, up from a previous value of 73,000, while the unemployment rate is expected to rise from 4.2% in July to 4.3% in August. The average hourly wage growth year-on-year is expected to slow from 3.9% in July to 3.7% in August.
Non-farm data are indicators reflecting the employment status of the U.S. non-agricultural population, including the U.S. non-farm employment rate, non-agricultural employment numbers, and the unemployment rate. The results will directly impact the Federal Reserve's interest rate cuts later this month. The market generally expects a 25 basis point rate cut from the Federal Reserve in September, but speculation about a significant rate cut this month is also heating up. If the August non-farm employment data falls short of expectations, it may strengthen the market's expectation for a 50 basis point rate cut this month; conversely, if the data exceeds expectations, it may weaken the market's expectations for aggressive rate cuts. #非农就业数据来袭
Economists expect an increase of 75,000 in non-farm payrolls for August, up from a previous value of 73,000, while the unemployment rate is expected to rise from 4.2% in July to 4.3% in August. The average hourly wage growth year-on-year is expected to slow from 3.9% in July to 3.7% in August.
Non-farm data are indicators reflecting the employment status of the U.S. non-agricultural population, including the U.S. non-farm employment rate, non-agricultural employment numbers, and the unemployment rate. The results will directly impact the Federal Reserve's interest rate cuts later this month. The market generally expects a 25 basis point rate cut from the Federal Reserve in September, but speculation about a significant rate cut this month is also heating up. If the August non-farm employment data falls short of expectations, it may strengthen the market's expectation for a 50 basis point rate cut this month; conversely, if the data exceeds expectations, it may weaken the market's expectations for aggressive rate cuts. #非农就业数据来袭
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