This non-agricultural data is very important. Due to the lag of the data, this non-agricultural data basically represents the possibility of the Fed's interest rate cut in September.
From the data, both non-agricultural employment and unemployment rates have increased slightly. This is a logical paradox. How can the employment rate and unemployment rate also go up?
In fact, the main reason is that Biden's immigration policy also counts the employment of immigrants in non-agricultural data, so the non-agricultural data is inaccurate, resulting in non-agricultural data higher than normal, while the unemployment rate is the actual unemployment of local Americans.
This data shows that the United States can no longer maintain a high interest rate environment, domestic small and medium-sized enterprises can no longer afford the cost of loans, and the domestic employment situation in the United States is not optimistic. Therefore, the United States will cut interest rates in September.
The liquidity problem of the currency circle will be completely solved.
