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The U.S. August non-farm payroll report is expected to confirm that the labor market is "losing momentum" and to solidify the case for a Federal Reserve rate cut in September. However, even more striking is the upcoming revised report next week...
Is the U.S. labor market sounding a full "alarm"? The latest non-farm payroll data has once again fallen short of expectations, and most concerning is that the June employment data has been revised to show "negative growth"...
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The US non-farm payroll report will have a significant impact on the bitcoin market. The market expects that weak data may accelerate a Fed rate cut, while strong data could trigger a pullback. Bitcoin is at the top area of the halving cycle, with a double-top pattern in the technical analysis and a key support level at $112,000. Summary generated by Mars AI. The accuracy and completeness of the content generated by the Mars AI model are still in an iterative update stage.
- 13:32Commerzbank: Tonight's US Nonfarm Payrolls will indicate whether data collection is influenced by politicsBlockBeats News, September 5, Thu Lan Nguyen, Head of FX and Commodity Research at Commerzbank, stated that regarding today’s non-farm payroll data, there is another point to watch: weak employment growth will not only impact US monetary policy, but will also reveal whether the “dismissal of the head of the department responsible for statistics” has already affected data collection. Commerzbank’s US experts have already issued a warning that the annual benchmark revision data will be released on September 9—last year, this revision led to a significant downward adjustment of employment data. They also found that actual employment dynamics may be weaker than the data previously released by the Bureau of Labor Statistics. From this perspective, the US dollar faces significant resistance, as (weak) data could inject new momentum into rate cut speculation. Conversely, given the current political pressure, if the report turns out unexpectedly strong, caution is also warranted. (Golden Ten Data)
- 13:31After the release of non-farm payroll data, traders increase bets on consecutive Fed rate cutsBlockBeats News, September 5, futures traders have increased their bets that the Federal Reserve will begin a rapid series of interest rate cuts starting this month, after the U.S. government released its monthly employment report showing that job growth last month was lower than expected. (Golden Ten Data)
- 13:31U.S. nonfarm payrolls for June and July were revised down by a total of 21,000 jobs.BlockBeats News, on September 5, the U.S. Bureau of Labor Statistics stated that the number of non-farm payroll jobs added in June was revised down by 27,000 from 14,000 to -13,000; the number of non-farm payroll jobs added in July was revised up by 6,000 from 73,000 to 79,000. After the revisions, the total number of new jobs added in June and July was 21,000 lower than before the revisions.