According to BlockBeats, a report from CITIC Securities indicates that U.S. employment data for August has weakened further. The unemployment rate rose from 4.248% in July to 4.324% in August, aligning with market expectations. The increase in the unemployment rate to 4.3% reflects a broader trend of weakening in both government and private sector employment. Additionally, other employment indicators such as ADP and PMI have shown a decline, supporting the view that the U.S. job market is not as robust as it appears. While the employment market continues to cool, the economy is not expected to enter a recession immediately. For the Federal Reserve, the risks associated with the job market are increasing. CITIC Securities maintains its previous forecast that the Federal Reserve will cut interest rates by 25 basis points at its September meeting, followed by additional 25 basis point cuts in October and December.