At 20:30 Beijing time tonight, the U.S. Department of Labor will release the non-farm payroll data and unemployment rate for August.

Currently, the market expects the non-farm payroll population for August to be 75,000, with the previous value at 73,000; the unemployment rate is expected to be 4.3%, with the previous value at 4.2%. Generally speaking, if the non-farm payroll population is lower than expected and the unemployment rate is higher than expected, it may indicate a slowdown in U.S. economic growth and a weakening labor market, which would further strengthen market expectations for a Federal Reserve rate cut. It is not the case that the non-farm payroll population rises while the unemployment rate also increases; typically, a decline in the employment population and a rise in the unemployment rate are more conducive to prompting the Federal Reserve to cut rates.