📊【U.S. employment data update and analysis】
🔹 Non-farm employment was revised downward: The total number of non-farm employment in June and July was revised downward by 86,000, from 179,000 to 118,000 in June and from 114,000 to 89,000 in July. This indicates that the pace of economic recovery may not be as fast as expected and companies are less willing to recruit.
🔹 August employment data: The seasonally adjusted non-agricultural employment population in August was 142,000. Although it was lower than the expected 160,000, it was significantly higher than the previous value of 89,000. This shows that the job market is still recovering, and the market has responded positively to this, indicating that investors are optimistic about the economic outlook.
🔹 Changes in unemployment rate: The unemployment rate was 4.2% in August, in line with expectations, and the previous value was 4.3%. Although the unemployment rate fell slightly, the performance of the overall job market still needs to be watched.
comprehensive analysis
Although August's non-farm payrolls data fell short of expectations, the significant improvement from the previous value satisfied the market, reflecting the resilience of the economic recovery. A pick-up in business hiring could boost consumer confidence and boost economic growth.
trading strategy
The non-agricultural data is bullish. It is recommended to buy at the current price of 56,400 and set the stop loss at 55,000.